SCHEDULE 2Rules for calculation of the amount to be disregarded
PART 1Calculation of the proportion of non-domestic rating income to be disregarded for the purpose of calculations under Schedule 7B to the 1988 Act
1
1
For the purposes of regulation 5, but subject to sub-paragraph (2), the proportion of a relevant billing authority’s non-domestic rating income for a specified year in respect of a designated area within which all or part of the authority’s area falls is the difference between—
a
the amount of the authority’s non-domestic rating income for that year in respect of that area calculated in accordance with Part 2; and
b
the amount calculated in relation to the authority for that year in respect of that area in accordance with Part 3.
2
Where the amount calculated in accordance with Part 3 is greater than or equal to the amount calculated in accordance with Part 2, the proportion for the purposes of regulation 5 is zero.