SCHEDULES

SCHEDULE 7 Non-Domestic Rating: Multipliers

Part I Non-Domestic Rating Multipliers

General provisions

F14A

1

In relation to England, the non-domestic rating multiplier for a chargeable financial year shall be calculated in accordance with this paragraph if the year is one at the beginning of which new lists must be compiled.

2

The non-domestic rating multiplier for the year shall be the amount found by—

a

increasing the small business non-domestic rating multiplier for the year under paragraph 4 above to reflect the Secretary of State’s estimate of the difference between—

i

the aggregate amount which will be payable to him and all billing authorities by way of non-domestic rates as regards the year, and

ii

the aggregate amount which would be so payable if section 43(4A) to (4D) above were omitted, and

b

if the Secretary of State thinks fit, adjusting the amount found under paragraph (a) above to reflect the extent (if any) to which his estimate of the difference mentioned in that paragraph for an earlier financial year appears to him to differ from the actual difference for that earlier year.