Welcome to our new website
We've launched new webpages for benefits, Council Tax, business rates, licences and permits. Please tell us what you think by giving us your feedback.
To go to all other council services, visit www.woking.gov.uk
How your business rates bill is calculated
About rateable values, valuations, multipliers, revaluation relief.
Revaluation relief for businesses affected by 2023 revaluation
The government introduced temporary relief for businesses which were affected by the last business rates revaluation. The last revaluation was effective from 1 April 2023.
Each relief offers phased increases to your bill over a period of time.
If you're eligible, we will automatically update your bill.
Transitional relief
This limits how much your bill can change each year as a result of a business rates revaluation.
From the 2023 to 2024 tax year you’ll get transitional relief if your:
- property is in England
- rates go up by more than a certain amount
How much your bill can change by
How much your bill can change by from one year to the next depends on both:
- your property’s rateable value
- whether your bill is increasing or decreasing as a result of revaluation
You stop getting transitional relief when your bill reaches the full amount set by a revaluation.
The business rates year is from 1 April to 31 March the following year.
If your bill increased from 1 April 2023
| Rateable value | Percentage increase 2023 to 2024 | Percentage increase 2024 to 2025 | Percentage increase 2025 to 2026 |
|---|---|---|---|
| Up to £20,000 | 5% | 10% plus inflation | 25% plus inflation |
| £20,001 to £100,000 | 15% | 25% plus inflation | 40% plus inflation |
| £100,001 and over | 30% | 40% plus inflation | 55% plus inflation |
If you’ve received a transitional certificate
The transitional certificate value will be used in the business rates calculation for your property instead of the usual rateable value.
If you disagree with the value of the certificate, contact the Valuation Office Agency – GOV.UK.
Supporting small business relief
Supporting small business rates relief (SSBR) was introduced by the government to help those ratepayers who, as a result of the 2023 revaluation, lost some or all of their small business or rural rate relief. This scheme will run for 3 years from 2023 to 2026.
You can get supporting small business relief if:
- your business property’s bill increased after the revaluation on 1 April 2023
- you lost some or all of your small business rate relief or rural rate relief