# Local Government Finance Act 1988, Paragraph 4: Small business rate relief


(1) Where this paragraph applies, the chargeable amount for a chargeable day is to be calculated in accordance with the formula—
A×MC×E
(2) This paragraph applies—
(a) in relation to England, where on the day concerned any conditions prescribed by the Secretary of State in regulations are satisfied;
(b) in relation to Wales, where—
(i) the rateable value of the hereditament shown in the local non-domestic rating list for the first day of the chargeable financial year is not more than any amount prescribed by the Welsh Ministers in regulations, and
(ii) on the day concerned any conditions prescribed by the Welsh Ministers in regulations are satisfied.
(3) If a ratepayer makes an application in order to satisfy a condition prescribed under sub-paragraph (2)(a) and the ratepayer—
(a) makes a statement in the application which the ratepayer knows to be false in a material particular, or
(b) recklessly makes a statement in the application which is false in a material particular,
the ratepayer is liable on summary conviction to imprisonment for a term not exceeding 3 months or to a fine not exceeding level 3 on the standard scale or to both.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/schedule/4ZA/paragraph/4 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/schedule-4ZA/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.