Search Legislation

The Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2017

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

2017 No. 1335

Rating And Valuation, England

The Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2017

Approved by the House of Commons

Made

19th December 2017

Laid before the House of Commons

20th December 2017

Coming into force in accordance with article 1

The Treasury make the following Order in exercise of the powers conferred by paragraph 5(3) of Schedule 7 to the Local Government Finance Act 1988(1).

Citation, commencement and application

1.—(1) This Order—

(a)may be cited as the Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2017;

(b)comes into force on the day after the day in which it is approved by a resolution of the House of Commons, provided that the time condition in paragraph (2) is met; and

(c)applies in relation to England only.

(2) The “time condition” is that the approval of the Order must be given before the approval by the House of Commons of the local government finance report for the financial year beginning on 1st April 2018.

Non-domestic rating multiplier

2.  For the purposes of paragraph 3 of Schedule 7 to the Local Government Finance Act 1988 B is specified as 272.8 for the financial year beginning on 1st April 2018.

Mark Spencer

Andrew Griffiths

Two of the Lords Commissioners of Her Majesty’s Treasury

19th December 2017

EXPLANATORY NOTE

(This note is not part of the Order)

In relation to England, the small business non-domestic rating multiplier is calculated in accordance with paragraph 3 of Schedule 7 to the Local Government Finance Act 1988 (“the Act”) for each financial year when new rating lists are not being compiled. The financial year beginning on 1st April 2018 (“2018-19”) is a year when new lists are not being compiled.

Paragraph 5(3) of Schedule 7 to the Act enables the Treasury by order to specify an amount for item B in those calculations. If the Treasury exercise that power in relation to a financial year the amount so specified must be lower than the retail prices index for September of the preceding financial year.

This Order specifies that for 2018-19 the amount for item B will be 272.8.

The Order will only come into force if it is approved by resolution of the House of Commons before the House approves the local government finance report for 2018-19.

An impact assessment has not been produced for this instrument as no negative impact on the costs of the private or voluntary sectors is foreseen. Further information is available from the Enterprise and Property Tax team, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and on www.gov.uk/government/organisations/hm-treasury. An Explanatory Memorandum is available alongside the instrument at www.legislation.gov.uk.

(1)

1988 c.41. Schedule 7 was amended by the Local Government Act 1992 (c.14).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources