SCHEDULES
SCHEDULE 7 Non-Domestic Rating: Multipliers
F1PART A1Non-Domestic Rating Multipliers: England
CHAPTER 3The small business non-domestic rating multiplier
Other years
A6
(1)
The small business non-domestic rating multiplier for a chargeable financial year other than a revaluation year is—
(a)
the default amount, or
(b)
if the Secretary of State makes an adjustment to that amount under sub-paragraph (3), that amount as adjusted.
(2)
The default amount is to be calculated in accordance with the formula—
(3)
The Secretary of State makes an adjustment to the default amount by adjusting it to reflect the extent to which the Secretary of State’s last estimate of the total mentioned in paragraph A10(6) or (7) appears to the Secretary of State to differ from the actual total.