Business Rates

National Non-Domestic Rates or business rates, as they are more commonly known, are the Government’s tax on business properties.

For 2014-15, businesses in Kensington and Chelsea are expected to pay £268 million in business rates. Under the Retained Rates Scheme which was introduced last year, the Royal Borough will receive £80.9 million of this amount.   

The gross annual bill is calculated by multiplying the rateable value of the property by the appropriate rate multiplier. For 2014-15 the multiplier is 48.2p (47.1p for businesses that qualify for Small Business Rate Relief). The net rates bill may differ if you qualify for a relief, exemption, discount 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 2014-15

Here is the new Council Tax and Business Rates booklet for 2014-15 outlining the Council's performance and spending plans, as well as information regarding council tax and business rates:

Your Council Tax and Business Rates 2014-15

 

download the Council Tax booklet: Your Council Tax and Business Rates explained 

  • [PDF] (file size 401Kb)