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Local Government Finance (Wales) Act 2024

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11Calculation of non-domestic rating multipliers: supplementary provision

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(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.

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