Chwilio Deddfwriaeth

Local Government Finance (Wales) Act 2024

Changes over time for: Section 11

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Prospective

11Calculation of non-domestic rating multipliers: supplementary provisionE+W

This adran has no associated Nodiadau Esboniadol

(1)The 1988 Act is amended as follows.

(2)In Schedule 4ZA—

(a)in paragraph 1, for paragraphs (a) and (b) substitute “in accordance with the formula—

A multiplied by M over C

(b)in paragraph 2(1), for paragraphs (a) and (b) substitute in accordance with the formula—

”;

(c)in paragraph 4(1), for paragraphs (a) and (b) substitute in accordance with the formula—

”;

(d)in paragraph 10, after sub-paragraph (9) insert—

(9A)In relation to Wales, “M is the non-domestic rating multiplier calculated under Schedule 7 as regards the hereditament for the financial year.

(3)In Schedule 4ZB—

(a)in paragraph 1(1), for paragraphs (a) and (b) substitute in accordance with the formula—

A multiplied by M over C”;

(b)in paragraph 1(2)—

(i)in paragraph (a) for “Secretary of State may by regulations provide that sub-paragraph (1)(a)” substitute “appropriate national authority may by regulations provide that sub-paragraph (1)”;

(ii)omit paragraph (b).

(c)in paragraph 3(6), for paragraphs (a) and (b) substitute—

(a)in relation to England—

(i)whichever of B or D is prescribed for the purposes of the provision in question by the Treasury in regulations, or

(ii)for the purposes of a provision where there is no such prescription, B;

(b)in relation to Wales, the non-domestic rating multiplier calculated under Schedule 7 as regards the hereditament for the financial year.

(4)In Schedule 5A—

(a)in paragraph 1, for paragraphs (a) and (b) substitute in accordance with the formula—

A multiplied by M over C”;

(b)in paragraph 2(4), for paragraphs (a) and (b) substitute in accordance with the formula—

”;

(c)in paragraph 6(8), for paragraphs (a) and (b) substitute—

(a)in relation to England—

(i)whichever of B or D is prescribed for the purposes of the provision in question by the Treasury in regulations, or

(ii)for the purposes of a provision where there is no such prescription, B;

(b)in relation to Wales, the non-domestic rating multiplier calculated under Schedule 7 as regards the hereditament for the financial year.

Commencement Information

I1S. 11 in force at 1.5.2025, see s. 23(3)(a)

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