OpenLegislation

Paragraph 2 Calculation of amountF1

(1)

Subject to sub-paragraph (2), the amount specified by this paragraph is the amount calculated in accordance with the formula—

(A−B+C−D+E−F+G−H+J−K)×50%

where—

  • A is the total amount credited to the billing authority’s collection fund income and expenditure account in the year in respect of non-domestic rates payable under sections 43 and 45 of the 1988 Act;

  • B is the total amount charged to that account in the year in respect of non-domestic rates payable under sections 43 and 45 of the 1988 Act;

  • C is the total amount written back for the year from the allowance for non-collection;

  • D is the total amount written off for the year in excess of that allowance;

  • E is the total amount released from that allowance for the year;

  • F is the total amount by which that allowance is increased for the year after amounts written off against the allowance have been made for the year;

  • G is the amount of any transitional protection payment due to be made to the billing authority for the year;

  • H is the amount of any transitional protection payment due to be made by the billing authority for the year;

  • J is the total amount of a relevant provision utilised for the year;

  • K is the amount calculated in relation to the billing authority for the year in accordance with sub-paragraph (3) or (4).

(2)

If the amount calculated under sub-paragraph (1) is less than zero, for the purposes of regulations 4, 9 and 9A the amount specified by sub-paragraph (1) is zero.

(3)

If the year is not a year in which local lists must be compiled, the amount calculated in accordance with this sub-paragraph—

(a)

for the year beginning on 1st April 2015, is the growth baseline amount in relation to the billing authority;

(b)

for the year beginning on 1st April 2016, is the amount calculated in accordance with the formula—

L×(M2M1)×1.005

where—

  • L is the growth baseline amount in relation to the billing authority;

  • M1 is the small business non-domestic rating multiplier for the year beginning on 1st April 2015;

  • M2 is the small business non-domestic rating multiplier for the year beginning on 1st April 2016;

(c)

for a subsequent year, is the amount calculated in accordance with the formula—

N×(O2O1)×1.005

where—

  • N is the amount calculated for the preceding year in accordance with paragraph (b) or this paragraph;

  • O1 is the small business non-domestic rating multiplier for the preceding year;

  • O2 is the small business non-domestic rating multiplier for the relevant year.

(4)

If the year is a year in which local lists must be compiled (“revaluation year”), the amount calculated in accordance with this sub-paragraph is the amount calculated in accordance with the formula—

Q×(R×T2S×T1)×1.005

where—

  • Q is the amount calculated for the preceding year in accordance with sub-paragraph (3)(b) or (c);

  • R is the aggregate rateable values shown in the billing authority’s local list for 1st April in the revaluation year;

  • S is the aggregate rateable values shown in the billing authority’s local list for 31st March in the preceding year;

  • T1 is the small business non-domestic rating multiplier for the preceding year;

  • T2 is the small business non-domestic rating multiplier for the revaluation year.

Annotations

Textual amendments

F1

Schs. 2A, 2B inserted (16.1.2017) by The Non-Domestic Rating (Rates Retention) (Amendment) Regulations 2016 (S.I. 2016/1268), regs. 1(2), Sch.