- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
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8.—(1) Regulation 16 is amended as follows.
(2) In paragraph (1)—
(a)in the definitions of K, L and H, omit the words “local non-domestic rating”;
(b)in the definitions of K and L, for the words from “the notional 31st March” to “(as the case may be)” substitute—
“—
for a day falling within the period beginning with 1st April 2013 and ending with 31st March 2023, the notional 31st March 2013 rateable value determined in accordance with Schedule 1 or 2 (as the case may be);
for a day on or after 1st April 2023, the notional baseline”;
(c)for the definition of M, substitute—
“M is the notional baseline.”.
(3) After paragraph (1), insert—
“(1A) For the purposes of this regulation, the notional baseline is—
(a)for a day falling within the period beginning with 1st April 2013 and ending with 31st March 2017, the notional 31st March 2013 rateable value in respect of the hereditament determined in accordance with Schedule 1 or 2 (as the case may be);
(b)for a day on or after 1st April 2017, the amount calculated in accordance with the formula—
where—
X is the notional baseline for the last day on which the list immediately preceding the current list was in force;
Y is the rateable value shown for the hereditament in the list for the day on which the current list was compiled;
Y1 is the rateable value shown for the hereditament in the list for the last day on which the list immediately preceding the current list was in force.”.
(4) In paragraph (2), omit “on 1st April 2017”.
(5) After paragraph (2), insert—
“(3) In this regulation, “list” means a local non-domestic rating list for the area of a billing authority in England which shows the hereditament concerned.”.
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