Paragraph A15 Calculation of non-domestic rating multiplier: other yearsF1

England and Wales

(1)

The non-domestic rating multiplier for a chargeable financial year other than a revaluation year is—

(a)

the default amount, or

(b)

if the Welsh Ministers make an adjustment to that amount under sub-paragraph (4), that amount as adjusted.

(2)

The default amount is to be calculated in accordance with the formula—

\frac{A \times B}{C.}

(3)

In sub-paragraph (2), “A”, “B” and “C” have the meanings given in paragraph A14.

(4)

The Welsh Ministers may make an adjustment to the default amount to reflect the extent to which their last estimate of the total mentioned in paragraph A14(2)(d) or (e) appears to them to differ from the actual total.

(5)

But this paragraph does not apply for the purposes of—

(a)

Schedules 4ZA and 4ZB, in respect of a hereditament of a description specified in regulations under paragraph A16(1)(a);

(b)

Schedule 5A, in respect of an amount of a rateable value shown against the name of a designated person in the central non-domestic rating list specified in regulations under paragraph A16(1)(b).

Annotations

Textual amendments

F1: Sch. 7 Pt. A2 inserted (1.4.2025) by Local Government Finance (Wales) Act 2024 (asc 6), ss. 10, 23(3)(a)