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Damages Act 1996
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- UK Public General Acts
- 1996 c. 48
- SCHEDULE B1
- Expression of rates set
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Changes over time for: Cross Heading: Expression of rates set
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Changes to legislation:
Damages Act 1996, Cross Heading: Expression of rates set is up to date with all changes known to be in force on or before 28 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule B1 Crossheading Expression-of-rates-set:
- s. 2(A2) inserted by 2019 asp 4 s. 3(1)(a)
- s. 2(1A)(1B) inserted by 2019 asp 4 s. 3(1)(c)
- s. 2C 2D inserted by 2019 asp 4 s. 3(2)
- s. 2E-2I inserted by 2019 asp 4 s. 4
- s. 2J inserted by 2019 asp 4 s. 5
- s. 4A inserted by 2019 asp 4 s. 6
- s. 4B inserted by 2019 asp 4 s. 7(1)
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 2(A2) inserted by 2019 asp 4 s. 3(1)(a)
- s. 2(1A)(1B) inserted by 2019 asp 4 s. 3(1)(c)
- s. 2C 2D inserted by 2019 asp 4 s. 3(2)
- s. 2E-2I inserted by 2019 asp 4 s. 4
- s. 2J inserted by 2019 asp 4 s. 5
- s. 4A inserted by 2019 asp 4 s. 6
- s. 4B inserted by 2019 asp 4 s. 7(1)
[F1Expression of rates setS.
Textual Amendments
F1Sch. B1 inserted (S.) (1.7.2019) by Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019 (asp 4), s. 9(2), sch.; S.S.I. 2019/197, reg. 2
19(1)A rate of return is to be set by the rate-assessor as a percentage figure.S.
(2)The figure may be—
(a)zero, or
(b)a negative or positive number.
(3)If the figure is not a whole number (including zero), the number is to comprise or incorporate a decimal fraction of 0.25, 0.5 or 0.75.
20(1)A rate of return that would be arrived at but for this paragraph is to be rounded up or down by the rate-assessor to the nearest figure permitted, if necessary so as to come to—S.
(a)a whole number (including zero), or
(b)a number comprising or incorporating a decimal fraction of 0.25, 0.5 or 0.75.
(2)If two permitted figures are equally near when rounding under sub-paragraph (1) arises, rounding is to be to whichever of the figures is reached—
(a)from the positive side of zero, by going towards (or to) zero, or
(b)from the negative side of zero, by going further below zero.]
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