Business Rates

National Non-Domestic Rates or business rates, as they are more commonly known, are the Government’s tax on business properties. Local authorities collect business rates for the Government and they are then redistributed across the country as part of an annual formula grant settlement.

Business rates are normally payable in 10 monthly instalments but can be paid yearly, half-yearly or quarterly.

For 2011-12, businesses in Kensington and Chelsea are expected to pay £232.7 million in business rates, of which the Royal Borough will receive £82.7 million. The gross annual bill is calculated by multiplying the rateable value of the property by the appropriate rate multiplier. For 2011-12 the multiplier is 43.3p (42.6p for businesses that qualify for Small Business Rate Relief). The net rates bill may differ if: you qualify for a relief or exemption; transitional arrangements apply; you have deferred rates due for 2009-10 under the deferral scheme or your property is subject to the Business Rates Supplement (BRS).

Further information concerning business rates can be found on the Business Link website.


Council Tax and Business Rates booklet 2011-12

Here is the new Council Tax and Business Rates booklet for 2011-12 outlining the Council's performance and spending plans, as well as information regarding your council tax and business rates:

Council Tax and Business Rates booklet 2011-12


Budget 2011 announcement: a further one year increase of Small Business Rate Relief

On the 23 March 2011 the Chancellor of the Exchequer announced that the current temporary increase in Small Business Rate Relief, which started on 1 October 2010 and was due to end on 30 September 2011, will continue for a further year (1 October 2011 to 30 September 2012). The measure doubles the usual rate of relief so that ratepayers with rateable values below £6,000 pay no rates at all for the period, while ratepayers with rateable values between £6,000 and £12,000 receive tapered relief from 100 per cent to 0 per cent.

The Government is aiming to make the necessary changes to secondary legislation by the summer. Once the legislation is in force adjusted bills will be sent to eligible ratepayers.

The current scheme came into effect in October 2010 when the Government introduced a temporary increase in the level of Small Business Rate Relief (SBRR) available to eligible businesses.

For more information, go to the Small Business Rate Relief page.


Forms for businesses moving into or out of the borough

Business Rates information

Rateable Values and Transitional Arrangements

Business Rates Relief

Business Rates Payments Methods and Billing