Regulation 4 Amendment of regulation 13

in the heading, at the end insert “and relevant multiplier ratios”;

after paragraph (2) insert—

“(3)

The relevant multiplier ratio in respect of a hereditament within a designated class for a day is the amount calculated in accordance with the formula—

$$\frac{F}{E}$$

where—

• “E” is the multiplier which applies to that hereditament for a day in accordance with paragraph 10(9) of Schedule 4ZA, or paragraph 3(6) of Schedule 4ZB (as the case may be) to the 1988 Act; and

• “F” is—

  1. (a)

     the small business non-domestic rating multiplier for the year, if E is the—

     1. (i)

        small business non-domestic rating multiplier; or

     2. (ii)

        small business RHL multiplier;

  2. (b)

     the non-domestic rating multiplier for the year, if E is the—

     1. (i)

        non-domestic rating multiplier;

     2. (ii)

        standard RHL multiplier; or

     3. (iii)

        high-value multiplier.

(4)

In paragraph (3)—

• “high-value multiplier” means the multiplier with that description calculated in accordance with regulations under paragraph A6A(1)(a) of Schedule 7^f1 to the 1988 Act;

• “non-domestic rating multiplier” means the non-domestic rating multiplier for the year calculated in accordance with Chapter 2 of Part A1 of Schedule 7^f2 to the 1988 Act;

• “small business non-domestic rating multiplier” means the small business non-domestic rating multiplier for the year calculated in accordance with Chapter 3 of Part A1 of Schedule 7 to the 1988 Act;

• “small business RHL multiplier” means the multiplier with that description calculated in accordance with regulations under paragraph A6A(1)(b) of Schedule 7 to the 1988 Act;

• “standard RHL multiplier” means the multiplier with that description calculated in accordance with regulations under paragraph A6A(1)(b) of Schedule 7 to the 1988 Act.”.