Statutory Instrument 1991 No. 182

The City of London (Non-Domestic Rating Multiplier) Order 1991

---

© Crown Copyright 1991

Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The City of London (Non-Domestic Rating Multiplier) Order 1991, ISBN 0110131827. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.

Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1991 No. 182

RATING AND VALUATION

The City of London (Non-Domestic Rating Multiplier) Order 1991

The Secretary of State for the Environment, in exercise of the powers conferred on him by paragraph 9(3) of Schedule 7 to the Local Government Finance Act 1988^[1], and of all other powers enabling him in that behalf, hereby makes the following Order:

Citation and commencement
    1.    This Order may be cited as the City of London (Non-Domestic Rating Multiplier) Order 1991, and shall come into force on 28th February 1991.

Interpretation
    2.    In this Order—
"the Act" means the Local Government Finance Act 1988;


"the Distribution Report" means the Revenue Support Grant Distribution Report (England) made by the Secretary of State for the Environment on 20th December 1989 under section 80(1) of the Act as amended by the Revenue Support Grant Distribution (Amendment) Report (England) made by the Secretary of State for the Environment on 16th January 1991 under section 80(5)(b) of the Act.

Required minimum multiplier
    3.    The required minimum for the Common Council's non-domestic rating multiplier for the chargeable financial year beginning in 1991 is the figure equal to 95.672 per cent of the non-domestic rating multiplier specified for the year in accordance with Part I of Schedule 7 to the Act.

Required maximum multiplier
    4.—(1)  Subject to paragraph (2) below, the required maximum for the Common Council's non-domestic rating multiplier for the chargeable financial year beginning in 1991 is the figure calculated in accordance with the formula

)) A+( (B) (C)

where— A is the required minimum for the Common Council's non-domestic rating multiplier calculated for the year in accordance with article 3 of this Order, B is 99 per cent of the amount, if any, by which, at the time of the calculation of the required maximum, the amount calculated by the Common Council under section 95(4) of the Act[2] for the year exceeds the standard spending assessment calculated for the Council for the year in accordance with the provisions of the Distribution Report, and C is the total of the rateable values shown in the Common Council's local non-domestic rating list for 31st December 1990, multiplied by 0.894.



    (2)  In calculating the required maximum under paragraph (1), a part of a whole (if any) shall be calculated to three decimal places only—
 (a) adding one thousandth where (apart from this paragraph) there would be more than five ten-thousandths, and
 (b) ignoring the ten-thousandths where (apart from this paragraph) there would be five, or less than five, ten-thousandths,
provided that if the resulting figure is equal to or less than the required minimum for the year, the required maximum shall be calculated by adding one thousandth to the resulting figure.

Michael Heseltine

Secretary of State for the Environment

5th February 1991

This Order makes provision as to the calculation of the required minimum and maximum within which the Common Council of the City of London must set its non-domestic rating multiplier for the financial year beginning in 1991. (The Common Council is the only charging authority which meets the definition of "special authority" set out in section 144(6) of the Local Government Finance Act 1988.)

[1] 1988 c. 41; Schedule 7 was amended by the Local Government and Housing Act 1989 (c. 42), Schedule 5, paragraph 39. back

[2] Section 95 was amended by the Local Government and Housing Act 1989, Schedule 5, paragraph 63. back