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Business rates

Business rates

How to pay - Direct debit

Direct Debit you can pay on the 1st, 10th, or 20th of the month - set up a Direct Debit using our Business Rates website.

Or Download our Business Rates Direct Debit Mandate (PDF document)

Other ways to pay

  • Kiosk (behind main reception at our Shute End office)
  • Online payment -  make a Business Rates payment online
  • Telephone (24 hour payment line) - call 0300 456 0505
  • Remittances - email to remittances@wokingham.gov.uk
  • Electronic payment - quote your business rates account number with every payment. Failure to quote the number may result in a delay crediting your account 
  • You can spread your business rate bills over 12 months - if you want to pay by 12 monthly installments contact us in writing

You can pay by debit or credit card. We accept Visa, MasterCard, Delta, Switch and Solo cards. Have your debit or credit card details and business rates account reference number to hand.

BACS payments

To pay by BACS you'll need to provide:

  • The Council's bank account number - 00000000
  • The Council's bank sort code - 62-21-60

CHAPS payments

To pay by CHAPS you'll need to provide:

  • The Council's bank account number - 67740871
  • The Council's bank sort code - 60-24-21

Business rates is a local tax that is paid by the occupiers of all non-domestic / business property in the same way that Council Tax is a tax on domestic property.

Business rates are charged on most business properties such as shops, offices, pubs, warehouses and factories. However, the property doesn't have to be used for a business to attract a business rates charge for example a storage unit used to store domestic items 

Read the business rates information on the Gov.uk website for more details.

How business rates are calculated

Business rates are worked out by multiplying the ‘rateable value’ of your property (set by the Valuation Office Agency) and by the business rates multiplier (set by central government.)

What is rateable value?

The rateable value is assessed by the Valuation Office Agency which is an agency of HM Revenue and Customs. A property's rateable value is an assessment of the annual rent the property would rent for if it were available to let on the open market at a fixed valuation date.

  • From 1 April 2017, the rateable values are based on the valuation date of 1 April 2015

Visit the Valuation Office Agency website to find out your rateable value or make an appeal. Visit the Valuation Office Agency website to find out about multipliers.

When are rateable values updated?

The Valuation Office Agency regularly reassesses and updates the rateable values of all business properties usually every 5 years. This is called a revaluation. The 2017 revaluation took effect from 1st April 2017. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

More information on the 2017 revaluation can be found at on the UK Gov.uk website.

Revaluation 2023

A revaluation of business rates will no longer take place in 2021 to help reduce uncertainty for firms affected by the impacts of coronavirus. The revaluation has been re-scheduled to 2023. 

Read the Get ready for revaluation in 2023 leaflet (PDF document) for more details.

More details

For more details about revaluation visit the Gov.uk website.

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