Local Government Finance (Wales) Act 2024 (asc6)

PART 1 NON-DOMESTIC RATING

Non-domestic rating multipliers

11 Calculation of non-domestic rating multipliers: supplementary provision

(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—

(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—

”;

(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—

”;

(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.”