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Regulation 31 Notional chargeable amount for defined class of hereditaments

Original text. Later amendments are not shown.

(1)

The notional chargeable amount for a relevant year for a defined class of hereditaments shall be found by applying the formula A × B.

(2)

For the purposes of this regulation–

  • A is the rateable value shown in the central list for the class of hereditaments for 1st April 2000; and

  • B is the non-domestic rating multiplier for the relevant year.