Rate Product (Amendment) Rules 1983
| Jurisdiction | UK Non-devolved |
| Citation | SI 1983/268 |
| Year | 1983 |
1983 No. 268
RATING AND VALUATION
The Rate Product (Amendment) Rules 198328thFebruary 1983
10thMarch 1983
1stApril 1983
The Secretary of State for the Environment, after consultation with the local authorities and associations of local authorities with whom consultation appeared to him to be desirable, in exercise of the powers conferred by sections 113 and 114 of the General Rate Act 1967(a) and now vested in him(b), and of all other powers enabling him in that behalf, hereby makes the following rules:—
1. These rules may be cited as the Rate Product (Amendment) Rules 1983 and shall come operation on 1st April 1983.
2. For paragraph 6 of the Schedule to the Rate Product Rules 1981(c) there shall, for the purpose of any determination of the product of a rate of one penny in the pound for the year beginning on 1st April 1983 and any subsequent year, be substituted the following:—
"6.—(1) Subject to sub-paragraph (2), the inclusive product for any area for any year is—
£ EP × P/(GRP-GRP1) × RV × M where
EP is the amount of the exclusive product for the area,
P is the population of the area,
GRP is the amount which would be the grant-related poundage for the relevant authority, expressed in pounds and calculated to eight decimal places, if that authority's total expenditure were equal to its grant-related expenditure,
GRP1 is the amount which would be the grant-related poundage for the relevant authority, expressed in pounds and calculated to eight decimal places, if that authority's total expenditure were equal to its grant-related expenditure less one pound per head of population,
RV is the gross rateable value of the area, and
M is the relevant multiplier.
(a) 1967 c.9.
(b) S.I. 1970/1681.
(c) S.I. 1981/327.
(2) Where no block grant would be payable under Part VI of the 1980 Act if the relevant authority's total expenditure were equal to their grant-related expenditure the inclusive product for the area for any year shall be the same as the exclusive product.
(3) In this paragraph—
references to the 1980 Act are to the Local Government, Planning and Land Act 1980(a);
references to total expenditure and grant-related expenditure have the same meanings as in Part VI of the 1980 Act;
the reference to the population of an area is to the population of the area as estimated in accordance with and for the purposes of the Rate Support Grant Report for the year in question;
the reference to the grant-related poundage is to the...
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