# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 1999, Paragraph 8: Notional chargeable amount for new hereditament


(1) This paragraph applies for determining the notional chargeable amount for a new hereditament for a relevant year falling after the year in which the creation day falls.
(2) Where this paragraph applies, the relevant notional chargeable amount for a hereditament shall be found by applying the formula J × B.
(3) For the purposes of this paragraph–
J is the rateable value shown in the list for the new hereditament for the creation day, and
B is the non-domestic rating multiplier for the relevant year.

---
Source: https://www.legislation.gov.uk/ukdsi/1999/0110856066/schedule/2/paragraph/8 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-1999/schedule-2/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.