The local authority works out the business rates bill by multiplying the rateable value of the property by the appropriate multiplier.
There are two multipliers:
- The standard multiplier for 2020/21 & 2021/22 is 51.2 pence
- The small business multiplier for 2020/21 & 2021/22 is 49.9 pence
The multiplier is set by Central Government and normally changes every year in line with inflation.
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 there also have to be limits on reductions in bills.
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.
Further information about transitional arrangements can be obtained from Gateshead Council.
0191 433 4726
Telephone enquiries can be made on a Monday or Tuesday between the hours of 8.45am to 5pm and on a Friday between 8.45am to 4.30pm.
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