Section 1 Determination of additional multipliersI1

Part A1 of Schedule 7 to the Local Government Finance Act 1988 (non-domestic rating multipliers for England) is amended as follows.

In Chapter 1—

After Chapter 3 insert—

“Chapter 3A

Other non-domestic rating multipliers

A6A

(1)

The Treasury may by regulations make provision for the calculation of multipliers applicable in relation to England that produce multipliers for a given financial year that are—

(a)

higher, but not more than 0.1 higher, than the non-domestic rating multiplier for that year, or

(b)

lower than the non-domestic rating multiplier for that year, but not more than 0.2 lower than the small business non-domestic rating multiplier for that year.

(2)

Regulations under sub-paragraph (1)(b)—

(a)

may not provide for the calculation of more than two multipliers;

(b)

may provide for adjustments to a calculation so that it produces a different multiplier for a given financial year for the purposes of Schedule 4ZB or 5A (or both) to the multiplier for that year for the purposes of Schedule 4ZA.”

In Chapter 4 (making and giving notice of calculations etc), in paragraph A7(1)(a), for “the non-domestic rating multiplier and the small business non-domestic rating multiplier” substitute “each multiplier about which provision is made by or under this Part of this Schedule”.

In Chapter 6 (regulations), in paragraph A12—