- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Non-Domestic Rating (Rates Retention and Levy and Safety Net) (Amendment) Regulations 2018 No. 463
14. In regulation 6 (individual levy rates and safety net thresholds)—
(a)in paragraph (2A), after “paragraph (2C)” insert “or (2D)”;
(b)for paragraph (2B) substitute—
“(2B) The formula is—
where—
E is the authority’s baseline funding level for the year commencing on 1st April 2017; and
F is the authority’s business rates baseline for the year commencing on 1st April 2017.”;
(c)after paragraph (2C) insert—
“(2D) For an authority listed in Parts 9 to 19 in Schedule 3, the individual levy rate for the relevant year beginning on 1st April 2018 is zero.”.
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