Paragraph 2 Calculation of amountF1

The amount specified by this paragraph in respect of the Port of Bristol hereditament for a year is the amount calculated in accordance with the formula—

where—

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

• B is the total of the amounts charged to that account in respect of that hereditament in the year in accordance with proper practices in respect of non-domestic rates payable under sections 43 and 45 of the 1988 Act;

• C is the amount of any transitional protection payment due to be made to the billing authority in respect of that hereditament for the year;

• D is the amount of any transitional protection payment due to be made by the billing authority in respect of that hereditament for the year;

• E is—

  1. (a)

     for the year beginning on 1st April 2015, 0.4203

  2. (b)

     for a year beginning on or after 1st April 2016, 0.51.