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 two multipliers:

1. The standard multiplier for 2024/25  is 54.6 pence. For 2023/24 it was 51.2 pence
2. The small business multiplier for 2023/24 and 2024/25 is 49.9 pence

The multiplier is set by Central Government and normally changes every year in line with inflation. For 2025/26 the standard multiplier will increase to 55.5 pence. The small business multiplier will remain frozen at 49.9 pence.

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 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.