Regulation 7 Amendments to regulation 15 (calculation of the amount to be disregarded: class B)

(1)

Regulation 15 is amended as follows.

(2)

In paragraph (1)—

(a)

in the definitions of F, G and H, omit “local non-domestic rating”;

(b)

in the definitions of F and G, for “the rateable value shown for 31st March 2013”, substitute—

“—

(a)

for a day falling within the period beginning with 1st April 2013 and ending with 31st March 2023, the rateable value shown for 31st March 2013;

(b)

for a day on or after 1st April 2023, the notional baseline”;

(c)

for the definition of J, substitute—

“J is the notional baseline.”.

(3)

After paragraph (1), insert—

“(1A)

For the purposes of this regulation, the notional baseline is—

(a)

for a day falling within the period beginning with 1st April 2013 and ending with 31st March 2017, the rateable value shown for the hereditament in the list for 31st March 2013;

(b)

for a day on or after 1st April 2017, the amount calculated in accordance with the formula—
$X \times \frac{Y}{Y 1}$
where–

X is the notional baseline for the last day on which the list immediately preceding the current list was in force;

Y is the rateable value shown for the hereditament in the list for the day on which the current list was compiled;

Y1 is the rateable value shown for the hereditament in the list for the last day on which the list immediately preceding the current list was in force.”.

(4)

In paragraph (2), omit “on 1st April 2017”.

(5)

After paragraph (2), insert—

“(3)

In this regulation, “list” means a local non-domestic rating list for the area of a billing authority in England which shows the hereditament concerned.”.