The Non-Domestic Rating Contributions (Wales) Regulations 1992

Deductions from gross amount

4.—(1) The amount (being provision as regards the costs of collection and recovery) calculated in accordance with the formula—

where—

• A is the number of hereditaments shown in the billing authority’s local non-domestic rating list on 31st December in the immediately preceding year, and

• B is the total of the rateable values shown in the billing authority’s local non-domestic rating list on 31st December in the immediately preceding year.

(2) For the purposes of sub-paragraph (1), where the financial year to which the relevant calculation relates is a year in which local non-domestic rating lists are compiled under section 41(1) of the Act(1) , the hereditaments shown in a billing authority’s local non-domestic rating list, and the rateable value of those hereditaments, shall be taken to be the hereditaments, and the rateable values, shown in the list which the valuation officer for the billing authority proposes to compile in that year and which he has sent to the billing authority under section 41(5) of the Act.

(1)

Section 41(1) of the Act was amended by the Local Government Finance Act 1992, Schedule 13, paragraph 59.