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Paragraph 1 Calculation of non-domestic rating income

Original text. Later amendments are not shown.

(1)

Subject to sub-paragraph (2) the amount specified in this paragraph is the amount calculated in accordance with the formula—

( A−B )+(C−D)−E−F

Where—

  • A is the total of the amounts credited to the billing authority’s collection fund income and expenditure account in the year in accordance with proper practices in respect of non-domestic rates payable under sections 43 and 45 of the 1988 Act;

  • B is the total of the amounts charged to the billing authority’s collection fund income and expenditure account in the year in accordance with proper practices in respect of non-domestic rates payable under sections 43 and 45 of the 1988 Act;

  • C is the amount of any transitional protection payments under paragraph 33(1) of Schedule 7B to the 1988 Act made to the billing authority in the year;

  • D is the amount of any transitional protection payments under paragraph 33(1) of Schedule 7B to the 1988 Act made by the billing authority in the year;

  • E is the billing authority’s allowance for costs of collection and recovery for the year, calculated in accordance with paragraph 2; and

  • F is the total of amounts calculated in accordance with regulations made under paragraph 39 or 40 of Schedule 7B to the 1988 Act in respect of the billing authority as an amount to be disregarded for the purpose of a calculation of non-domestic rating income for the year.

(2)

For a special authority the amount specified by this paragraph shall be the amount calculated in accordance with sub-paragraph (1)—

(a)

as if the authority’s non-domestic rating multipliers for a year were equal to the non-domestic rating multipliers for that year determined in accordance with Part 1 of Schedule 7 to the 1988 Act; less

(b)

X, where the value of X for the financial year beginning 1st April 2013 is £10,538,000 and for subsequent years is determined by the formula—

X 1 × S 2 S 1

Where—

  • X1 is the value of X for the preceding year;

  • S2 is the small business non-domestic rating multiplier for the relevant year;

  • S1 is the small business non-domestic rating multiplier for the preceding year.