Business Rates
National Non-Domestic Rates or business rates, as they are more
commonly known, are the Government’s tax on business
properties.
For 2013-14, businesses in Kensington and Chelsea are expected
to pay £261.8 million in business rates. Under the Retained Rates
Scheme which starts on 1 April 2013, the rates collected by
the Royal Borough will be distributed so that the Government will
receive 50 per cent (£130.9m), the Royal
Borough will receive 30 per cent (£78.5m) and
the GLA will receive 20 per
cent (£52.4m).
The gross annual bill is calculated by multiplying the rateable
value of the property by the appropriate rate multiplier. For
2013-14 the multiplier is 47.1p (46.2p for businesses that qualify
for Small Business Rate Relief). The net rates bill may differ if
you qualify for a relief, exemption or if transitional
arrangements apply.
Further information concerning business rates can be found
on the Business Link
website.
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
Council Tax and Business Rates booklet 2013-14
Here is the new Council Tax and Business Rates booklet for
2013-14 outlining the Council's performance and spending plans, as
well as information regarding council tax and business rates:
