Paragraph 3 Small business rate baseline: non revaluation year

(1)

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

(2)

For the specified year beginning with 1st April 2025, a billing authority’s small business rate baseline amount is calculated in accordance with the formula—

J \times \frac{K 2}{K 1}

(3)

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

L \times \frac{K 2}{K 1}