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Changes over time for: Cross Heading: Expression of rates set
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Status:
Point in time view as at 01/07/2019.
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 29 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.
Changes to Legislation
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[Expression of rates setS.
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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