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)
A7(1)The Secretary of State must—E+W
(a)calculate the non-domestic rating multiplier and the small business non-domestic rating multiplier for a chargeable financial year, and
(b)as soon as reasonably practicable after doing so, serve on each billing authority a notice stating the multipliers as so calculated.
(2)A notice under sub-paragraph (1)(b) must show how any calculation has been made and contain details of—
(a)any estimates that have been made under paragraph A10(6) or (7), including the date determined under paragraph A11(3) for the purpose of making those estimates, and
(b)any adjustments that have been made under paragraph A4(3) or A6(3)
(3)Where the chargeable financial year is one for which the Secretary of State has calculated a figure for D under paragraph A10(5)(b), the notice under sub-paragraph (1)(b) must contain that figure.
A8E+WA calculation made by the Secretary of State under paragraph A7 is invalid if it is made at a time when regulations under paragraph A10(4)(b) have not come into force which, if they had come into force, would be effective in relation to the year.
A9E+WIn calculating a multiplier a part of a whole (if any) is to be calculated to three decimal places only.]