[Part A1 Non-Domestic Rating Multipliers: England]
Local Government Finance Act 1988 (1988 c 41) | Legislation

SCHEDULE 7 Non-Domestic Rating: Multipliers

Section 56

[Part A1 Non-Domestic Rating Multipliers: England]

[Chapter 1
Introduction

A1

This Part of this Schedule has effect to determine, in relation to England, for each chargeable financial year—

(a)     the non-domestic rating multiplier, and

(b)     the small business non-domestic rating multiplier.

A2

In this Part—

(a)     Chapter 2 makes provision about the calculation of the non-domestic rating multiplier;

(b)     Chapter 3 makes provision about the calculation of the small business non-domestic rating multiplier;

(c)     Chapter 4 makes provision about the making, and the giving of notice, of such calculations;

(d)     Chapter 5 makes provision about the interpretation of terms used in this Part;

(e)     Chapter 6 makes provision about regulations under this Part.

Chapter 2
The Non-Domestic Rating Multiplier

Revaluation years

A3

The non-domestic rating multiplier for a revaluation year is to be calculated in accordance with the formula—

A x C x E / D x F

Other years

A4

(1)     The non-domestic rating multiplier for a chargeable financial year other than a revaluation year is—

(a)     the default amount, or

(b)     if the Secretary of State makes an adjustment to that amount under

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