[F1CHAPTER 3E+WThe small business non-domestic rating multiplier
Textual Amendments
F1Sch. 7 Pt. A1 inserted (22.11.2023) by Non-Domestic Rating Act 2023 (c. 53), ss. 15(2), 19(6); S.I. 2023/1248, reg. 2(a) (with reg. 3)
Revaluation yearsE+W
A5The small business non-domestic rating multiplier for a revaluation year is to be calculated in accordance with the formula—
Other yearsE+W
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.]