Order laid before the National Assembly for Wales under paragraph 5(15) of Schedule 7 to the Local Government Finance Act 1988, for approval by resolution of the National Assembly for Wales before the approval by the Assembly of the local government finance report for the financial year beginning on 1 April 2019.

2018 No.XXX (W.XXX)

RATING AND VALUATION, wales

The Non-Domestic Rating (Multiplier) (Wales) (No. 2) Order 2018

EXPLANATORY NOTE

(This note is not part of the Order)

This Order is made under paragraph 5(3) of Schedule 7 to the Local Government Finance Act 1988 (“the Act”).

In relation to Wales, the non-domestic rating multiplier is calculated in each financial year when new lists are not being compiled in accordance with paragraph 3B of Schedule 7 to the Act. 2019 is a year when new lists are not being compiled.

The formula in paragraph 3B of Schedule 7 to the Act includes an item B which is the retail prices index for September of the financial year preceding the year concerned, unless the Welsh Ministers exercise their power under paragraph 5(3) of Schedule 7 to the Act to specify, by Order, a different amount for item B. If the Welsh Ministers exercise that power in relation to a financial year, the different amount so specified must be lower than the retail prices index for September of the preceding financial year. The retail prices index for September of the preceding financial year is 284.1.

This Order specifies that for the financial year beginning on 1 April 2019 the amount for item B is 281.7.

In accordance with paragraph 5(15) of Schedule 7 to the Act, the Order will only come into force if it is approved by a resolution of the National Assembly for Wales (“the Assembly”) before the Assembly approves the local government finance report for the financial year beginning on 1 April 2019.

The Welsh Ministers’ Code of Practice on the carrying out of Regulatory Impact Assessments was considered in relation to this Order. As a result, a regulatory impact assessment has been prepared as to the likely costs and benefits of complying with this Order. A copy can be obtained from the Local Taxation Policy Branch, the Local Government Strategic Finance Division, Welsh Government, Cathays Park, Cardiff, CF10 3NQ.

 


Order laid before the National Assembly for Wales under paragraph 5(15) of Schedule 7 to the Local Government Finance Act 1988, for approval by resolution of the National Assembly for Wales before the approval by the Assembly of the local government finance report for the financial year beginning on 1 April 2019.

2018 No.XXX (W.XXX)

RATING AND VALUATION, wales

The Non-Domestic Rating (Multiplier) (Wales) (No. 2) Order 2018

Made                                                     ***

Laid before the National Assembly for Wales ***

Approved by the National Assembly for Wales

***

Coming into force in accordance with article 1(2)        ***

The Welsh Ministers make the following Order in exercise of the power conferred on the Treasury by paragraph 5(3) of Schedule 7 to the Local Government Finance Act 1988([1]) and now vested in them so far as that power is exercisable in relation to Wales([2]).

Title, commencement and application

1.(1)(1) The title of this Order is the Non-Domestic Rating (Multiplier) (Wales) (No. 2) Order 2018.

(2) This Order comes into force on the day after the day on which it is approved by a resolution of the National Assembly for Wales, provided that the approval of the Order is given before the approval by the Assembly of the local government finance report for the financial year beginning on 1 April 2019.

(3) This Order applies in relation to Wales.

Non-domestic rating multiplier

2. For the purpose of paragraph 3B of Schedule 7 to the Local Government Finance Act 1988, for the financial year beginning on 1 April 2019, B is specified as 281.7.

 

 

 

Cabinet Secretary for Finance, one of the Welsh Ministers

Date



([1])           1988 c. 41.

([2])           The power under paragraph 5(3) of Schedule 7 to the Local Government Finance Act 1988, so far as exercisable in relation to Wales, was transferred to the National Assembly for Wales by virtue of article 2 of, and Schedule 1 to, the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672). By virtue of paragraphs 30 and 32 of Schedule 11 to the Government of Wales Act 2006 (c. 32), the power is now vested in the Welsh Ministers.