The transitional arrangements for the non-domestic rating revaluation 2010 in England - Consultation paper

The next business rates revaluation takes effect from 1 April 2010. The purpose of the revaluation is to maintain fairness by ensuring rateable values are based upon up to date rental values. The revaluation does not raise extra revenue but some rate bills will rise and some will fall. The Government will introduce transitional arrangements to phase in large changes in individual rate bills arising from the 2010 revaluation. This consultation paper considers the shape of those transitional arrangements.