http://www.legislation.gov.uk/id/ukdsi/2021/9780348218862/schedule/2

SCHEDULE 2Calculations for designated area

PART 3Calculation of the baseline amount

For a specified year that is not a revaluation year3

1

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

2

For the specified year beginning on 1st April 2021, the billing authority’s baseline amount is calculated in accordance with the formula—

J \times \frac{K 2}{K 1}

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—

L \times \frac{M 2}{M 1}

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.