SCHEDULE 7 Non-Domestic Rating: Multipliers
Part I Non-Domestic Rating Multipliers
General provisions
6
F1(1)
In relation to England, the Secretary of State shall calculate the small business non-domestic rating multiplier and the non-domestic rating multiplier for a chargeable financial year and, as soon as is reasonably practicable after doing so, shall serve on each billing authority a notice stating the multipliers as so calculated.
(1A)
In relation to Wales, the F2Welsh Ministers shall calculate the non-domestic rating multiplier for a chargeable financial year and, as soon as is reasonably practicable after doing so, shall serve on each billing authority a notice stating the multiplier as so calculated.
(1B)
The notice must show how any calculation has been made and contain details of any estimates or adjustments that have been made.
(2)
Where the financial year is one for which the Secretary of State has calculated a figure for C under paragraph 5(5) above, the notice must contain the figure he has calculated.
F3(3)
Where the financial year is one at the beginning of which new lists must be compiled, the notice must specify the date determined under paragraph 5(10) above for the purpose of making estimates under paragraph 5(6) and (7) above.
(4)
A calculation under F4this paragraph is invalid unless one or both of the following conditions is fulfilled—
(a)
it is made after the F5local government finance report for the year has been approved by resolution of the House of Commons;
(b)
it is made on or after 1 March in the preceding financial year.
F6(4A)
F9(4B)
A calculation made by the Welsh Ministers under this paragraph is invalid unless one or both of the following conditions is fulfilled—
(a)
it is made after the Assembly has approved by resolution the local government finance report for the year or, where the Welsh Ministers are making two local government finance reports for the year, it is made after the Assembly has approved by resolution both of those reports;
(b)
it is made on or after 1 March in the preceding financial year.
(5)
A calculation under F10this paragraph above is invalid if made at a time when an order under paragraph 5(3) above which is effective in relation to the year has not come into force.