- Latest available (Revised) - English
- Latest available (Revised) - Welsh
- Original (As made) - English
- Original (As made) - Welsh
This is the original version (as it was originally made).
6.—(1) Where on 1 April 2017 section 43(4B)(b) of the Act (small business rate relief) applies to a defined hereditament, the NCA for that defined hereditament is calculated by applying the formula—
(2) In all other cases, the NCA for a defined hereditament is calculated by applying the formula—
(3) For the purposes of this regulation—
A is the rateable value shown for the defined hereditament in a local list on 1 April 2017,
B is the non-domestic rating multiplier for the financial year beginning on 1 April 2017 calculated in accordance with paragraph 4B of Schedule 7 to the Act(1), and
E is the amount of E which applies to the defined hereditament on 1 April 2017 in accordance with the Non-Domestic Rating (Small Business Relief) (Wales) Order 2015.
Paragraph 4B of Schedule 7 to the Act was inserted by section 62(4) of the Local Government Act 2003.
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