The Non-Domestic Rating (Rates Retention and Levy and Safety Net) (Amendment) Regulations 2018 No. 463

PART 3 Levy and safety net

Amendment of regulation 6

14.  In regulation 6 (individual levy rates and safety net thresholds)—

(a) in paragraph (2A), after “paragraph (2C)” insert “or (2D)”;

(b) for paragraph (2B) substitute—

“(2B) The formula is—

where—

E is the authority’s baseline funding level for the year commencing on 1st April 2017; and

F is the authority’s business rates baseline for the year commencing on 1st April 2017.”;

(c) after paragraph (2C) insert—

“(2D) For an authority listed in Parts 9 to 19 in Schedule 3, the individual levy rate for the relevant year beginning on 1st April 2018 is zero.”.