Transitional arrangements
This scheme helps to reduce the impact of a revaluation. The rules, which were introduced in 1990, ensure that rate bills cannot go up or down in any year by more than fixed percentage amounts. After allowing for inflation.
The scheme works in two ways. Either allowing Transitional Relief or charging a Transitional Premium. It will usually last for the entire period of the new rating list.
Transitional relief
This part of the scheme looks at the amount a bill has increased when compared with what was charged the previous year.
If your rate bill increases by more than a fixed percentage, you will qualify for Transitional Relief. This is a reduction in the amount calculated to limit the increase in your bill. Details of the calculation are shown on your bill.
Transitional premium
This part of the scheme looks at the amount a bill has reduced when compared with what was charged the previous year.
If your bill decreases by more than a fixed percentage, you will be liable to pay a Transitional Premium, which is an increase in the amount calculated to limit the reduction in your bill. Details of the calculation are shown on your bill.