Regulation 14 Special authorities: change in rateable value after 1st April 2000

(1)

Paragraph (2) applies where for a day after 1st April 2000, the rateable value shown in the list for a defined hereditament in a case where regulation 13 applies is greater than that shown for it for 1st April 2000.

(2)

Where this paragraph applies, regulation 13 shall have effect as regards the hereditament for the day as if the reference to the formula–

\frac{(BL \times AF)}{C} + \frac{(D - B) \times J}{C}

were a reference to the formula–
$\frac{(BL \times AF)}{C} + \frac{(N \times D) - (J \times B)}{C}$
and as if the reference to the formula–
$\frac{(BL \times AF)}{C} \times \frac{D}{B}$
were a reference to the formula–
$(\frac{(BL \times AF)}{C} \times \frac{D}{B}) + \frac{(N - J) \times D}{C}$

(3)

Paragraph (4) applies where for a day after 1st April 2000 the rateable value shown in a list for a defined hereditament in a case where regulation 13 applies is less than that shown for it for 1st April 2000.

(4)

Where this paragraph applies, regulation 13 (special authorities: special cases) shall have effect as regards the hereditament for the day as if the reference to the formula–

\frac{(BL \times AF)}{C} + \frac{(D - B) \times J}{C}

were a reference to the formula–
$(\frac{(BL \times AF)}{C} \times \frac{N}{J}) + \frac{(D - B) \times N}{C}$
and as if the reference to the formula–
$\frac{(BL \times AF)}{C} \times \frac{D}{B}$
were a reference to the formula–
$\frac{(BL \times AF)}{C} \times \frac{D}{B} \times \frac{N}{J}$

(5)

For the purposes of paragraphs (2) and (4)–

(a)

B is the non-domestic rating multiplier for the relevant year in which the chargeable day falls;

(b)

C is the number of days in the relevant year;

(c)

D is the non-domestic rating multiplier of the special authority concerned for the relevant year;

(d)

N is the rateable value shown in the list for the hereditament for the day;

(e)

J is the rateable value shown in the list for the hereditament for 1st April 2000; and

(f)

BL and AF have the meanings given by regulation 9(2).

(6)

Where one or more of the following provisions apply–

(a)

regulation 11(4)(b) (certified value for new hereditament),

(b)

regulation 15 (change in rateable value: change of circumstances),

(c)

paragraph 5 of Schedule 1 (altered hereditament),

(d)

paragraph 11 of Schedule 2 (splits and mergers),

(e)

paragraph 6 of Schedule 4 (former central list hereditament),

this regulation applies subject to the modification made by the provision concerned.