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Article 6 Amount of E

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The amount of E prescribed for the purposes of subsection 44(9) of the Act, where the rateable value of the hereditament shown in the local non-domestic rating list for the chargeable day for which small business rate relief is sought—

(a)

is not more than £5,000, shall be 2;

(b)

is more than £5,000 and not more than £10,000, shall be, subject to paragraph (2), the amount derived from dividing 10,000 by the rateable value of the hereditament shown in the local non-domestic rating list for that day; and

(c)

is more than £10,000 and not more than the amount prescribed, as regards the hereditament, in article 2, shall be 1.

(2)

Amounts calculated under paragraph (1)(b), shall be calculated to three decimal places only—

(a)

adding one thousandth where (apart from this sub-paragraph) there would be more than five ten-thousandths; and

(b)

ignoring the ten-thousandths where (apart from this sub-paragraph) there would be five, or less than five, ten-thousandths.