Non-Domestic Rating Act 1992

4 The distributable amount

(1) In Schedule 8 to the 1988 Act (non-domestic rating: pooling), paragraph 9 (distributable amount) shall have effect in relation to the financial years beginning in 1993 and 1994 as if—

(a) in sub-paragraph (1)(a), after the word “year” there were inserted the words “otherwise than under paragraph 2(1)(d) above”; and

(b) after sub-paragraph (3) there were inserted the following sub-paragraphs—

“(3A) The Secretary of State shall also—

(a) estimate the amount by which, if the Non-Domestic Rating Act 1992 had not been enacted, the amount calculated under sub-paragraph (3) above would have been greater than it is; and

(b) add to the amount calculated under that sub-paragraph such amount as (having regard to that estimate) he considers appropriate.

(3B) In making any estimate under sub-paragraph (3A) above the Secretary of State may make such assumptions as he thinks fit.”

(2) The reference in sub-paragraph (4) of that paragraph to the amount arrived at under that paragraph shall be construed, in relation to those financial years, as a reference to the amount arrived at under sub-paragraph (3) read with sub-paragraph (3A) of that paragraph.