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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2022 No. URL: http://www.bailii.org/uk/legis/num_reg/2022/uksi_20229780348242454_en_1.html |
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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Order laid before the House of Commons under paragraph 5(13) of Schedule 7 to the Local Government Finance Act 1988, for approval by resolution of the House of Commons.
Statutory Instruments
Rating And Valuation, England
Made
at 12.00 p.m. on 12th December 2022
Laid before the House of Commons
at 4.00 p.m. on 12th December 2022
Coming into force in accordance with article 1
The Treasury make the following Order in exercise of the powers conferred by paragraph 5(3) of Schedule 7 to the Local Government Finance Act 1988( 1).
1.—(1) This Order—
(a) may be cited as the Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2022;
(b) comes into force on the day after the day on which it is approved by a resolution of the House of Commons, provided that the time condition in paragraph (2) is met; and
(c) applies in relation to England only.
(2) The time condition is that the approval of the Order must be given before the approval by the House of Commons of the local government finance report for the financial year beginning on 1st April 2023.
2. For the purposes of paragraph 4 of Schedule 7 to the Local Government Finance Act 1988( 2), B is specified as 320.2 for the financial year beginning on 1st April 2023.
Nigel Huddleston
Amanda Solloway
Two of the Lords Commissioners of His Majesty’s Treasury
At 12.00 p.m. on 12th December 2022
(This note is not part of the Order)
In relation to England, the small business non-domestic rating multiplier is calculated in accordance with paragraph 4 of Schedule 7 to the Local Government Finance Act 1988 for each financial year at the beginning of which new rating lists must be compiled.
Item B in those calculations will be the retail prices index for September of the preceding financial year, unless the Treasury by order specify a lower amount.
New rating lists are being compiled for the financial year beginning on 1st April 2023 (“2023-24”). This Order specifies that for 2023-24 the amount for item B will be 320.2.
The Order will only come into force if it is approved by resolution of the House of Commons before the House approves the local government finance report for 2023-24.
An impact assessment has not been produced for this instrument as no negative impact on the costs of the private or voluntary sectors is foreseen. Further information is available from the Enterprise and Property Tax team, HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ and onwww.gov.uk/government/organisations/hm-treasury.
1988 c. 41. Paragraph 5(3) of Schedule 7 was amended by section 154(2)(a) of the Local Government and Elections (Wales) Act 2021 (asc 1)and paragraph 5(13) of that Schedule was amended by paragraph 84(1) of Schedule 13 to the Local Government Finance Act 1992 (c. 14).
Paragraph 4 of Schedule 7 was substituted by section 62(4) of the Local Government Act 2003 (c. 26).
