Legislation – Local Government Finance (Wales) Act 2024

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PART 1NON-DOMESTIC RATING

Non-domestic rating multipliers

11Calculation of non-domestic rating multipliers: supplementary provision

(1)

The 1988 Act is amended as follows.

(2)

In Schedule 4ZA—

(a)

in paragraph 1, for paragraphs (a) and (b) substitute “in accordance with the formula—

\frac{A \times M}{C}

(b)

in paragraph 2(1), for paragraphs (a) and (b) substitute “in accordance with the formula—

$\frac{A \times M}{C \times 5”;}$

(c)

in paragraph 4(1), for paragraphs (a) and (b) substitute “in accordance with the formula—

$\frac{A \times M}{C \times E”;}$

(d)

in paragraph 10, after sub-paragraph (9) insert—

“(9A)

In relation to Wales, “M is the non-domestic rating multiplier calculated under Schedule 7 as regards the hereditament for the financial year.”

(3)

In Schedule 4ZB—

(a)

in paragraph 1(1), for paragraphs (a) and (b) substitute “in accordance with the formula—

$\frac{A \times M}{C”;}$

(b)

in paragraph 1(2)—

(i)

in paragraph (a) for “Secretary of State may by regulations provide that sub-paragraph (1)(a)” substitute “appropriate national authority may by regulations provide that sub-paragraph (1)”;

(ii)

omit paragraph (b).

(c)

in paragraph 3(6), for paragraphs (a) and (b) substitute—

“(a)

in relation to England—

(i)

whichever of B or D is prescribed for the purposes of the provision in question by the Treasury in regulations, or

(ii)

for the purposes of a provision where there is no such prescription, B;

(b)

in relation to Wales, the non-domestic rating multiplier calculated under Schedule 7 as regards the hereditament for the financial year.”

(4)

In Schedule 5A—

(a)

in paragraph 1, for paragraphs (a) and (b) substitute “in accordance with the formula—

$\frac{A \times M}{C”;}$

(b)

in paragraph 2(4), for paragraphs (a) and (b) substitute “in accordance with the formula—

$\frac{A \times M}{C \times 5”;}$

(c)

in paragraph 6(8), for paragraphs (a) and (b) substitute—

“(a)

in relation to England—

(i)

whichever of B or D is prescribed for the purposes of the provision in question by the Treasury in regulations, or

(ii)

for the purposes of a provision where there is no such prescription, B;

(b)

in relation to Wales, the non-domestic rating multiplier calculated under Schedule 7 as regards the hereditament for the financial year.”