Rate calculations

The local authority works out the business rates bill by multiplying the rateable value of the property by the appropriate multiplier.

There are five multipliers, which are subject to a 1p transitional supplement:

There is no lower multiplier for properties valued at £500,000 and above.
Empty properties will pay the higher standard multiplier

The multiplier is set by Central Government and normally changes every year in line with inflation. 

Transitional arrangements

Property values normally change a good deal during each revaluation. Transitional arrangements help to phase in the effects of those changes by limiting the increases in bills. To help pay for this the Government introduced a 1p transitional supplement.

Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount payable is due (rateable value times the appropriate multiplier).

Any transition is automatically calculated by Gateshead Council and will be shown on your bill.

Contact us for further information about transitional arrangements.