(5) In Part 3A (modification of Part 3 in relation to BRS), in paragraph 1(b), for the second  paragraph of the note headed “Business Rate Supplements” to be inserted into the Explanatory  Notes substitute—  “The business rate supplement/s as shown on your bill is/are being levied by [insert name  of levying authority] in relation to [insert name of project/s to which BRS relates] project/s.  Further information may be found in the BRS project prospectus, [title of final prospectus],  which you can obtain from [insert name of levying authority].”.  Signed by authority of the Secretary of State for Housing, Communities and Local Government  Luke Hall Parliamentary Under Secretary of State  Ministry of Housing, Communities and Local Government  11th February 2020  SCHEDULE  PART 1  Explanatory Notes for Billing Authorities  Regulation 2(2) and (4)  “ EXPLANATORY NOTES  Non-Domestic Rates  Business Rates Instalments  National Non-Domestic Rating Multiplier  Non-Domestic Rates, or business rates, collected by local authorities are the way that those  who occupy non-domestic property contribute towards the cost of local services. Under the  business rates retention arrangements introduced from 1st April 2013, authorities keep a  proportion of the business rates paid locally. The money, together with revenue from  council tax payers, locally generated income and grants from central government, is used to  pay for the services provided by local authorities in your area. Further information about  the business rates system may be obtained at: www.gov.uk/introduction-to-business-rates,  at the website of your local authority which is normally shown on your rates bill, or by  contacting your local authority.  Payment of business rates bills is automatically set on a 10-monthly cycle. However, the  Government has put in place regulations that allow ratepayers to require their local  authority to enable payments to be made through 12 monthly instalments. If you wish to  take up this offer, you should contact your local authority as soon as possible.  The local authority works out the business rates bill for a property by multiplying the  rateable value of the property by the appropriate non-domestic multiplier. There are two  multipliers: the standard non-domestic rating multiplier and the small business non- domestic rating multiplier. The Government sets the multipliers for each financial year,  except in the City of London where special arrangements apply.  Ratepayers who occupy a property with a rateable value which does not exceed £50,999  (and who are neither entitled to certain other mandatory relief[s] nor liable for unoccupied  property rates) will have their bills calculated using the lower small business non-domestic  rating multiplier, rather than the standard non-domestic rating multiplier.  2