New Clause 2: Non-Domestic Rating  (Multipliers and Private Schools) Bill
New Clause 2 - Review of impact of new multipliers
“(1) Within eighteen months of the day on which sections 1 to 4 of this Act are commenced, the Secretary of State must conduct a review of the impact of those sections.
(2) The review must consider—
(a) the impact of the introduction of the lower multiplier on qualifying retail, hospitality and leisure hereditaments,
(b) the impact of the introduction of higher multipliers in relation to a hereditament for which the value is £500,000 or more.
(3) The Secretary of State must, as soon as is reasonably practicable, publish the review and lay a copy of that review before Parliament.
(4) As part of the review the Secretary of State must consult with such parties as they see fit including—
(a) businesses,
(b) the Valuation Office Agency; and
(c) Billing Authorities.”—(David Simmonds.)