Regulation 13 Non-domestic rating income and relevant multiplier ratiosF2I1

An authority’s non-domestic rating income in respect of a hereditament within a designated class for a day is the amount calculated in accordance with the formula—

where—

• A is the total of the amounts credited to the authority’s collection fund income and expenditure account on a day in accordance with proper practices^f1 in respect of non-domestic rates payable under sections 43 and 45 of the 1988 Act in respect of that hereditament;

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

• C is the amount of any transitional protection payments under paragraph 33(1) of Schedule 7B to the 1988 Act made to the authority on a day in respect of that hereditament;

• D is the amount of any transitional protection payments under paragraph 33(1) of Schedule 7B to the 1988 Act made by the authority on a day in respect of that hereditament;

In this paragraph, references to an authority’s collection fund income and expenditure account is a reference to a revenue account to which, in accordance with proper practices, are credited or charged amounts in respect of the authority’s income or expenditure relating to sums paid or to be paid into or payments met or to be met from the authority’s collection fund.

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—

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.

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 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 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.