# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 1999, Paragraph 3: Base liability for subsequent years


(1) The base liability for a new hereditament to which this Schedule applies for a relevant year beginning in 2001, 2002, 2003 or 2004 (the year concerned) shall be found by applying the formula BL × AF.
(2) For the purpose of this paragraph–
BL is the base liability for the hereditament for the relevant year immediately preceding the year concerned, and
AF is the appropriate fraction for the hereditament for the relevant year immediately preceding the year concerned.

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Source: https://www.legislation.gov.uk/ukdsi/1999/0110856066/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-1999/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.