Paragraph 3 Small business rate baseline: non-revaluation yearI1

If a specified year is not a revaluation year, a billing authority’s small business rate baseline amount in respect of a designated area for the specified year is the amount calculated under sub-paragraph (2) or (3).

For the specified year beginning with 1st April 2024, a billing authority’s small business rate baseline amount is calculated in accordance with the formula—

For a subsequent specified year that is not a revaluation year, the small business rate baseline amount is calculated in accordance with the formula—