Paragraph 1 F1

(1)

Subject to the following provisions of this Schedule, the chargeable amount for a chargeable day is to be calculated F2in accordance with the formula—

\frac{A \times M}{C}

(2)

But—

(a)

the F3appropriate national authority may by regulations provide that sub-paragraph (1) has effect as if the following formula were substituted—

\frac{A \times M}{C \times N}

F4(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1: Sch. 4ZB inserted (1.4.2024 with effect in relation to financial years beginning on or after that date) by Non-Domestic Rating Act 2023 (c. 53), ss. 2(4), 19(2)(a)
F2: Words in Sch. 4ZB para. 1(1) substituted for Sch. 4ZB para. 1(1)(a)(b) (1.4.2025) by Local Government Finance (Wales) Act 2024 (asc 6), ss. 11(3)(a), 23(3)(a)
F3: Words in Sch. 4ZB para. 1(2)(a) substituted (1.4.2025) by Local Government Finance (Wales) Act 2024 (asc 6), ss. 11(3)(b)(i), 23(3)(a)
F4: Sch. 4ZB para. 1(2)(b) omitted (1.4.2025) by virtue of Local Government Finance (Wales) Act 2024 (asc 6), ss. 11(3)(b)(ii), 23(3)(a)

Notes on Schedule 4ZB

Modifications

C1: Sch. 4ZB applied (with modifications) (E.) (30.1.2026) by The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2026 (S.I. 2026/81), regs. 2(2), 16(3) (with reg. 4)