The Non-Domestic Rating (Chargeable Amounts) (Wales) Regulations 2022 No. 1350 (W. 272)

PART 2 E+W Preliminary: calculations

6.—(1) Where, on 1 April 2023, section 43(4B)(b) of the Act applies to a defined hereditament, the NCA for that defined hereditament is calculated by applying the formula— E+W

(2) In all other cases, the NCA for a defined hereditament is calculated by applying the formula—

(3) For the purposes of this regulation—

• A is the rateable value shown for the defined hereditament in a local list or in a central list on 1 April 2023,

• B is the non-domestic rating multiplier for the financial year beginning on 1 April 2023 calculated in accordance with paragraph 4B of Schedule 7 to the Act(1), and

• E is the amount of E which applies to the defined hereditament on 1 April 2023 in accordance with the Non-Domestic Rating (Small Business Relief) (Wales) Order 2017.

Commencement Information

I1 Reg. 6 in force at 31.12.2022, see reg. 1(2)

(1)

Paragraph 4B of Schedule 7 to the Act was inserted by section 62(4) of the Local Government Act 2003 (c. 26).