- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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Local Government Finance Act 1988
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Rhagor o Adnoddau
Changes over time for: Paragraph 9
Version Superseded: 03/12/2011
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9(1) A special authority’s non-domestic rating multiplier for a chargeable financial year shall be such as is set for the year by the authority in accordance with this Part of this Schedule.E+W
(2)The multiplier must be expressed as a figure in which a part of a whole (if any) is expressed to three decimal places only.
F1[(3)The multiplier must be not greater than the required maximum for the year.
(4)The required maximum for the year shall be calculated in accordance with the formula—
where—
A is the non-domestic rating multiplier for the year [F2so far as relating to England] determined in accordance with Part I of this Schedule,
B is a percentage prescribed for the year by order made by the Secretary of State,
C is the amount calculated (or last calculated) for the year by the authority under section 32(4) of the Local Government Finance Act 1992,
D is an amount determined by the Secretary of State for the year and notified by him to the authority before 1 March in the preceding financial year,
E is the total of the rateable values shown in the authority’s local non-domestic rating list on 31 December in the preceding financial year, and
F is a factor determined by the Secretary of State for the year and notified by him to the authority before 1 March in the preceding financial year.
(5)An order under sub-paragraph (4) above in its application to a particular financial year (including an order amending or revoking another) shall not be effective unless it comes into force before 1 March in the preceding financial year.]
Textual Amendments
F1Sch. 7 Pt. II para. 9(3)-(5) substituted (6.3.1992) for para. 9(3)(4) by 1992 c. 14, s. 104, Sch. 10 Pt. I para.5 (with s. 118(1)(2)(4))
F2Words in Sch. 7 para. 9(4) inserted (25.11.2004) by Local Government Act 2003 (c. 26), s. 128(3)(e), Sch. 7 para. 25(4); S.I. 2004/3132, art. 2(d) (with art. 4)
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