Paragraph 6 Standard business rate baseline: revaluation yearI1

England and Wales

If a specified year is a revaluation year, a billing authority’s standard business rate baseline amount in respect of a designated area for the specified year is the amount calculated in accordance with the formula—

Q \times \frac{R 2 \times P 2}{R 1 \times P 1}

Annotations

Commencement

I1: Sch. 2 para. 6 in force at 1.4.2024, see reg. 1(2)