The Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2021
| Year | 2021 |
2021 No. 134
Rating And Valuation, England
The Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2021
Made 6th January 2021
Laid before the House of Commons 11th January 2021
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 19881.
Citation, commencement and application
1.—(1) This Order—
(a)
(a) may be cited as the Local Government Finance Act 1988 (Non-Domestic Rating Multipliers) (England) Order 2021;
(b)
(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)
(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 2021.
Non-domestic rating multiplier
2. For the purposes of paragraph 3 of Schedule 7 to the Local Government Finance Act 1988, B is specified as 291 for the financial year beginning on 1st April 2021.
Michael Tomlinson
Maggie Throup
Two of the Lords Commissioners of Her Majesty’s Treasury
6th January 2021
EXPLANATORY NOTE
(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 3 of Schedule 7 to the Local Government Finance Act 1988 for each financial year when new rating lists are not being 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 not being compiled for the financial year beginning on 1st April 2021 (“2021-22”). This Order specifies that for 2021-22 the amount for item B will be 291.
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 2021-22.
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...
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