Section A16 — Local Government Finance Act 1988: Calculation of differential multipliers

Calculation of differential multipliers A16 1 The Welsh Ministers may by regulations provide that the non-domestic rating multiplier for a chargeable financial year in respect of—

a a description, specified in regulations, of hereditaments on local non-domestic rating lists, or b an amount (or amounts), of a rateable value shown against the name of a designated person in the central non-domestic rating list, is to be calculated in accordance with the formula— M × N.

2 In sub-paragraph (1)—

a “M” is the non-domestic rating multiplier for the chargeable financial year under paragraph A14 or A15 (as the case may be);

b “N” is a number prescribed by the Welsh Ministers in regulations.

3 Regulations under this paragraph may prescribe different values for N in relation to—

a different specified descriptions of hereditaments on local non-domestic rating lists;

b different specified amounts of rateable values shown against the names of designated persons in the central non-domestic rating list.

4 But regulations under this paragraph may only specify descriptions of hereditaments on local non-domestic rating lists by reference to one or more of—

a the rateable value shown in the list for—

i the chargeable day concerned, or ii the first day of the financial year, as regards a hereditament;

b the location shown in the list as regards a hereditament;

c any description shown in the list for—

i the chargeable day concerned, or ii the first day of the financial year, as regards a hereditament.

5 Regulations under sub-paragraph (1)(b) may specify an amount of a rateable value by reference to a range of amounts.