Kensington and Chelsea Business Rates

Business Rates (also known as non-domestic rates) are a tax levied by the government on all commercial premises. The Rateable Value of a property is set by the Valuation Office Agency (VOA) and collected by your local authority.

Kensington and Chelsea London Borough Council is the local governing body responsible for the Royal Borough of Kensington and Chelsea, in Greater London. Kensington and Chelsea business rates are charged on most non-domestic premises. This includes most commercial properties such as retail stores and restaurants, which make up the typical economy in the Kensington and Chelsea region.

A typically large industry is the information and communication sector, which can also be subject to business rates in Kensington and Chelsea. Properties such as office buildings in the information and communication sector can be incorrectly valued as usually their use can change over many years, and information may not have been updated with the VOA. This can have a huge impact on business running costs, as business rates can be in the top five costs for a business.

Kensington and Chelsea also relies heavily on the retail sector, which represents 16.5% of the roles in the borough’s workforce. Kensington and Chelsea small business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Kensington and Chelsea is the accommodation and food services industry, which surely contributed to the borough’s overall estimated GDP (Gross Domestic Product) of £11 billion in 2019. Your business rates in Kensington and Chelsea can be affected by any disruption or adverse access to your property and backdated savings could apply to the beginning of the Ratings List.

RVA Surveyors offers a ‘no reduction, no fee’ service, giving reassurance to all businesses when tackling their business rates in Kensington and Chelsea. This means that unless RVA are able to find a reduction in your Kensington and Chelsea business rates, there is no cost to the business. Whether commercial property owners or tenants, RVA are able to help business rates payers achieve reductions in their business rates across Kensington and Chelsea and the rest of England and Wales.

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Kensington and Chelsea July 4, 2022