9
(1) A special authority's non-domestic rating multiplier for a chargeable financial year shall be such as is set for the year by the authority in accordance with this Part of this Schedule.
(2) The multiplier must be expressed as a figure in which a part of a whole (if any) is expressed to three decimal places only.
[(3) The multiplier must be not greater than the required maximum for the year.
(4) The required maximum for the year shall be calculated in accordance with the formula—
A + (B(C - D) divided by (E x F))
where—
A is the non-domestic rating multiplier for the year [. . .] determined in accordance with [Part A1] of this Schedule,
B is a percentage prescribed for the year by order made by the Secretary of State,
C is the amount calculated (or last calculated) for the year by the authority under section [31A(4)] of the Local Government Finance Act 1992,
D is an amount determined by the Secretary of State for the year and notified by him to the authority before 1 March in the preceding financial
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