Business Rate Supplements Act 2009

14 Chargeable amount: supplementary

(1) This section applies for the purposes of section 13.

(2) “A” is—

(a) the rateable value of the hereditament on the chargeable day, or

(b) if section 12(2) applies, the rateable value of the occupied part of the hereditament on that day.

(3) “B” is the multiplier for the BRS for the financial year (expressed to no more than three decimal places).

(4) “C” is the number of days in the financial year.

(5) “E” has the meaning that it has for the purposes of section 43 of the 1988 Act; and “N” has the meaning that it has for the purposes of section 45 of that Act.

(6) If a levying authority imposes only one BRS for a financial year, the multiplier for that BRS for that year must not exceed 0.02.

(7) If a levying authority imposes more than one BRS for a financial year, the total of the multipliers for those BRSs for that year must not exceed 0.02.

(8) Subject to subsections (6) and (7), the multiplier for a BRS for a financial year must not exceed—

(a) the amount specified as the multiplier in the final prospectus, or

(b) if the specified amount is varied in accordance with section 10, the amount as varied.

(9) If section 45 ratepayers are subject to the BRS, subsection (10) applies in a case where—

(a) part only of a hereditament is occupied, and

(b) an order under section 45(4A) of the 1988 Act is in force (and would apply to the hereditament if none of it were occupied).

(10) Section 13 has effect as if for subsection (2) of this section there were substituted—

“(2) “A” is the sum of—

(a) the rateable value of the occupied part of the hereditament on the chargeable day, and

(b) the rateable value of the unoccupied part on that day, divided by the number prescribed as “N” by the order.”