Paragraph 1 I1
England and Wales
(1)
Unless sub-paragraph (2) applies, the proportion of a billing authority’s non-domestic rating income in respect of a designated area for a specified year is the difference between the authority’s—
(a)
non-domestic rating income in respect of the designated area for that year, and
(b)
baseline amount in respect of the designated area for that year.
(2)
If the baseline amount is greater than or equal to the non-domestic rating income, the proportion is zero.
Annotations
Commencement
- I1
Sch. 2 para. 1 in force at 1.4.2023, see reg. 1(2)