# The Non-Domestic Rating (Multiplier) (Wales) Order 2014, Note: Explanatory note


(This note is not part of the Order)
This Order is made under paragraph 5(3) of Schedule 7 to the Local Government Finance Act 1988 (“the Act”).
In relation to Wales, the non-domestic rating multiplier is calculated in each financial year when new lists are not being compiled in accordance with paragraph 3B of Schedule 7 to the Act. 2014 is a year when new lists are not being compiled. The formula in paragraph 3B includes an item B which is the retail prices index for September of the financial year preceding the year concerned.
However, paragraph 5(3) of Schedule 7 to the Act enables the Welsh Ministers by order to specify an alternative amount for item B. If the Welsh Ministers exercise that power in relation to a financial year the alternative amount so specified must be lower than the retail prices index for September of the preceding financial year.
This Order specifies that for the financial year beginning on 1 April 2014 the amount for item B will be 249.
The Order will only come into force if it is approved by resolution of the National Assembly for Wales (“the Assembly”) before the Assembly approves the local government finance report for the financial year beginning on 1 April 2014. Under paragraph 5(15) of Schedule 7 to the Act an order made by the Welsh Ministers under paragraph 5(3) of Schedule 7 to the Act, in its application to a particular financial year, will not become effective unless it is approved by resolution of the Assembly before the approval by the Assembly of the local government finance report for the year, or before 1 March in the preceding financial year (whichever is earlier).
The Welsh Ministers’ Code of Practice on the carrying out of Regulatory Impact Assessments was considered in relation to this Order. As a result, a regulatory impact assessment has been prepared as to the likely costs and benefits of complying with this Order. A copy can be obtained from the Local Taxation Policy Branch, the Local Government Finance and Public Service Performance Division, Welsh Government, Cathays Park, Cardiff CF10 3NQ.

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Source: https://www.legislation.gov.uk/wsi/2014/124/note (the official version)
Page: https://openlegislation.uk/non-domestic-rating-multiplier-wales-order-2014/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.