About business rates

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Business rates for 2026 to 2027

For this financial year, businesses in Kensington and Chelsea are expected to pay approximately £299 million in Business Rates, plus £10.3 million of Business Rate Supplement (BRS), a combined total of £309.3 million. Under the retained rates scheme, the Royal Borough is expecting to keep approximately £6.7 million of this amount.

How your rates bill is calculated

Your gross annual rates bill is calculated by multiplying the rateable value of the property by the appropriate government set multiplier.

From 1 April 2026, there will be 5 multipliers instead of 2, including 2 new multipliers for Retail, Hospitality and Leisure (RHL) Properties.

For 2026/27, the following multipliers will apply:

Business Rates Multipliers
Multiplier Rateable Value (RV) Multiplier (pence)
Small Business Multiplier RV below £51,000 43.2 pence
Small Business RHL Multiplier RV below £51,000 38.2 pence
Standard Multiplier RV between £51,000 and £499,999 48.0 pence
Standard RHL Multiplier RV between £51,000 and £499,999 43.0 pence
High-Value Multiplier RV above £500,000 50.8 pence

Note: RHL – Retail Hospitality and Leisure

The net rates bill may differ if you qualify for a:

  • relief
  • exemption
  • discount
  • or if transitional arrangements apply

Last updated: 24 March 2026