Paragraph 5 Standard business rate baseline: non-revaluation year

(1)

If a specified year is not 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 under sub-paragraph (2) or (3).

(2)

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

N \times \frac{P 2}{P 1}

(3)

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

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