In regulation 6 (individual levy rates and safety net thresholds)—
(a)
in paragraph (2A), for “or (2F)” substitute “, (2F), (2H) or (2I)”;
(b)
after paragraph (2G) insert—
“(2H)
For an authority listed in Part 2 of Schedule 3, the individual levy rate for a relevant year beginning on or after 1st April 2021 is zero.
(2I)
For an authority listed in column A of the table in Schedule 6, for a relevant year beginning on or after the date specified with respect to that authority in column B of that table, the authority’s individual levy rate is 0.5 or the figure calculated in accordance with the formula in paragraph (2J), whichever is less.
(2J)
The formula is—
where—
G is the authority’s baseline funding level listed in column D of the table in Schedule 6; and
H is the authority’s business rates baseline listed in column C of that table.”.
