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Paragraph 1 Notional chargeable amount

Original text. Later amendments are not shown.

(1)

The notional chargeable amount for a new hereditament to which this Schedule applies for a relevant year shall be found by applying the formula J × B.

(2)

For the purposes of this paragraph–

  • J is the rateable value shown for the hereditament for the creation day in the list, and

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