{
  "url": "https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-2",
  "json_url": "https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-2.json",
  "legislation": "ukpga/1996/48",
  "legislation_title": "Damages Act 1996",
  "legislation_url": "https://openlegislation.uk/damages-act-1996",
  "path": "schedule/B1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) The rate-assessor must review every subsequent rate of return.\n(2) A review under sub-paragraph (1) must be started by the rate-assessor—\n(a) on the day after the last day of the 5-year period, or\n(b) earlier within the 5-year period as is required by the Scottish Ministers.\n(3) Where a review under sub-paragraph (1) is started earlier by virtue of sub-paragraph (2)(b), it is to be treated as an extra review that does not affect the running of the 5-year period in relation to the previous review (and no 5-year period runs under sub-paragraph (2)(a) in relation to the extra review).\n(4) For the purpose of this paragraph—\n(a) a subsequent rate of return is a rate of return that is set—\n(i) for the time being (including by reason of an extra review as mentioned in sub-paragraph (3)), and\n(ii) subsequently to an original rate of return as described in paragraph 1(3)(a) (including as a result of a review under sub-paragraph (1) conducted from time to time by virtue of the continuing operation of sub-paragraph (2)(a) and (b)),\n(b) the 5-year period is the period of 5 years beginning with the day on which the previous review of a rate of return must be started (ignoring an extra review as mentioned in sub-paragraph (3)).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. B1 inserted (S.) (1.7.2019) by Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019 (asp 4), s. 9(2), sch.; S.S.I. 2019/197, reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1996/48/schedule/B1/paragraph/2",
    "retrieved_at": "2026-10-29T09:29:50.050497+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}