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Regulation 3 Base liability for 2000/2001 for hereditaments outside previous transitional provisions

Original text. Later amendments are not shown.

In regulation 6–

(a)

in paragraph (3)(b), there is added at the end “less, in the case of a hereditament which is a small hereditament, the small hereditament factor.”;

(b)

after paragraph (3) there is inserted–

“(3A)

In paragraph (3)–

  • “small hereditament” means–

    1. (a)

      a hereditament situated outside Greater London for which the rateable value shown in the list for 31st March 2000 is less than £10,000, or

    2. (b)

      a hereditament situated in Greater London for which the rateable value shown in the list for 31st March 2000 is less than £15,000; and

  • “small hereditament factor” means the amount by which the non-domestic rating multiplier determined in accordance with Part I of Schedule 7 to the Act for the financial year beginning in 1997 exceeded that multiplier for the financial year beginning in 1996.”.