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Paragraph 1

Original text. Later amendments are not shown.

(1)

Unless sub-paragraph (2) applies, the proportion of the billing authority’s non-domestic rating income in respect of the designated area for a specified year is the difference between the authority’s—

(a)

non-domestic rating income in respect of the designated area for that year; and

(b)

baseline amount in respect of the designated area for that year.

(2)

If the baseline amount is greater than or equal to the non-domestic rating income, the proportion is zero.