The Non-Domestic Rating (Designated Areas) Regulations 2018

For a specified year that is not a revaluation year

3.—(1) If a specified year is not a revaluation year, a billing authority’s baseline amount in respect of a designated area for the specified year is the amount calculated under sub-paragraph (2) or (3).

(2) For the specified year beginning with 1st April 2018, a billing authority’s baseline amount is calculated in accordance with the formula—

where—

• J is the amount provided in column 4 of the table in Schedule 1 in relation to the designated area;

• K₁ is the small business non-domestic rating multiplier for the preceding year; and

• K₂ is the small business non-domestic rating multiplier for the specified year.

(3) For a subsequent specified year which is not a revaluation year, the baseline amount is calculated in accordance with the formula—

where—

• L is the amount calculated under sub-paragraph (2), this sub-paragraph or paragraph 4(1) for the preceding year;

• M₁ is the small business non-domestic rating multiplier for the preceding year; and

• M₂ is the small business non-domestic rating multiplier for the specified year.