Title, commencement and interpretation
1. (1) The title of these Regulations is the Non-Domestic Rating (Multiplier) (Wales) Regulations 2023.
(2) These Regulations come into force on the day after the day on which they are approved by a resolution of Senedd Cymru (provided that the approval of these Regulations is given before the approval by Senedd Cymru of the local government finance report for the financial year beginning on 1 April 2023, or before 1 March 2023, whichever is earlier).
(3) In these Regulations, “the 1988 Act” means the Local Government Finance Act 1988.

Change to the non-domestic rating multiplier for the financial year beginning on 1 April 2023
2. For the financial year beginning on 1 April 2023—
(a) paragraph 5(5A)(a) of Schedule 7 to the 1988 Act does not apply;
(b) for the purpose of paragraph 4B of Schedule 7 to the 1988 Act, B is specified as 113.9.
Rebecca Evans
Minister for Finance and Local Government, one of the Welsh Ministers
24 January 2023