Statutory Instruments
2024 No. 111
Rating And Valuation, England
The Local Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2024
Made
31st January 2024
Coming into force in accordance with paragraph 1(3)
The Treasury make these Regulations in exercise of the powers conferred by sub-paragraphs (9)(a) and (10)(a) of paragraph 10 of Schedule 4ZA, sub-paragraphs (6)(a) and (7)(a) of paragraph 3 of Schedule 4ZB, and sub-paragraphs (8)(a) and (9)(a) of paragraph 6 of Schedule 5A, to the Local Government Finance Act 1988( 1 ).
A draft of these Regulations was laid before Parliament in accordance with subsections (7B), (7D) and (7F) of section 143 of the Local Government Finance Act 1988( 2 ) and approved by resolution of each House of Parliament.
Citation, extent, application and commencement
1. —(1) These Regulations may be cited as the Local Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2024.
(2) These Regulations extend to England and Wales and apply in relation to England only.
(3) These Regulations come into force on the day after the day on which they are made.
Local rating: occupied hereditaments
2. —(1) For the purposes of the provisions mentioned in paragraph (2)—
(a) M( 3 ) is prescribed as D for any chargeable day( 4 ) for which A is not more than £50,999, but
(b) in any other case M is prescribed as B.
(2) The provisions are paragraphs 1(a) (chargeable amount before any reliefs), 2(1)(a) (charitable rate relief) and 3 (improvement rate relief) of Schedule 4ZA to the Local Government Finance Act 1988.
Local rating: unoccupied hereditaments
3. —(1) For the purposes of the provisions mentioned in paragraph (2)—
(a) M( 5 ) is prescribed as D for any chargeable day( 6 ) for which A is not more than £50,999, but
(b) in any other case M is prescribed as B.
(2) The provisions are paragraphs 1(1)(a) and 1(2)(a) (chargeable amount before any reliefs) of Schedule 4ZB to the Local Government Finance Act 1988.
Central rating
4. —(1) For the purposes of the provisions mentioned in paragraph (2)—
(a) M( 7 ) is prescribed as D for any chargeable day( 8 ) for which A is not more than £50,999, but
(b) in any other case M is prescribed as B.
(2) The provisions are paragraphs 1(a) (chargeable amount before any reliefs), 2(4)(a) (charitable rate relief), 3 (improvement rate relief) and 4(4) (unoccupied hereditaments rate relief) of Schedule 5A to the Local Government Finance Act 1988.
Scott Mann
Joy Morrissey
Two of the Lords Commissioners of His Majesty’s Treasury
31st January 2024
1988 c. 41 . Schedules 4ZA, 4ZB and 5A were inserted into the Local Government Finance Act 1988 by sections 1(3), 2(4) and 3(3) of the Non-Domestic Rating Act 2023 (c. 53) . Those Schedules have effect in relation to financial years beginning on or after 1st April 2024; see section 19(2)(a) of the Non-Domestic Rating Act 2023.
Subsections (7B), (7D) and (7F) of section 143 were inserted into the Local Government Finance 1988 by paragraph 8(c) of the Schedule to the Non-Domestic Rating Act 2023. Those amendments have effect in relation to financial years beginning on or after 1st April 2024; see section 19(2)(b) of the Non-Domestic Rating Act 2023.
The terms A, B, D and M are defined in paragraph 10(2), (3), (5) and (9) of Schedule 4ZA to the Local Government Finance Act 1988.
The term chargeable day is defined in section 43(3) of the Local Government Finance Act 1988.
The terms A, B, D and M are defined in paragraph 3(2), (3), (5) and (6) of Schedule 4ZB to the Local Government Finance Act 1988.
The term chargeable day is defined in section 45(3) of the Local Government Finance Act 1988.
The terms A, B, D and M are defined in paragraph 6(2), (3), (5) and (8) of Schedule 5A to the Local Government Finance Act 1988.
The term chargeable day is defined in section 54(3) of the Local Government Finance Act 1988.