Paragraph A4 Other yearsF1

(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 Secretary of State makes an adjustment to that amount under sub-paragraph (3), that amount as adjusted.

(2)

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

\frac{A \times C}{D}

(3)

The Secretary of State makes an adjustment to the default amount by adjusting it to reflect the extent to which the Secretary of State’s last estimate of the total mentioned in paragraph A10(6) or (7) appears to the Secretary of State to differ from the actual total.

Annotations

Textual amendments

F1: Sch. 7 Pt. A1 inserted (22.11.2023) by Non-Domestic Rating Act 2023 (c. 53), ss. 15(2), 19(6); S.I. 2023/1248, reg. 2(a) (with reg. 3)