# Local Government Finance Act 1988, Paragraph A16: Calculation of differential multipliers

Extent: E+W

(1) The Welsh Ministers may by regulations provide that the non-domestic rating multiplier for a chargeable financial year in respect of—
(a) a description, specified in regulations, of hereditaments on local non-domestic rating lists, or
(b) an amount (or amounts), of a rateable value shown against the name of a designated person in the central non-domestic rating list,
is to be calculated in accordance with the formula—
M×N.
(2) In sub-paragraph (1)—
(a) “M” is the non-domestic rating multiplier for the chargeable financial year under paragraph A14 or A15 (as the case may be);
(b) “N” is a number prescribed by the Welsh Ministers in regulations.
(3) Regulations under this paragraph may prescribe different values for N in relation to—
(a) different specified descriptions of hereditaments on local non-domestic rating lists;
(b) different specified amounts of rateable values shown against the names of designated persons in the central non-domestic rating list.
(4) But regulations under this paragraph may only specify descriptions of hereditaments on local non-domestic rating lists by reference to one or more of—
(a) the rateable value shown in the list for—
(i) the chargeable day concerned, or
(ii) the first day of the financial year,
as regards a hereditament;
(b) the location shown in the list as regards a hereditament;
(c) any description shown in the list for—
(i) the chargeable day concerned, or
(ii) the first day of the financial year,
as regards a hereditament.
(5) Regulations under sub-paragraph (1)(b) may specify an amount of a rateable value by reference to a range of amounts.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/schedule/7/paragraph/A16 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/schedule-7/paragraph-A16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.