# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2004, Paragraph 7: 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 shall be found by applying the formula
J×D, where—
J is the rateable value shown in the local or central list for the new hereditament for the creation day; and
D is the small business non-domestic rating multiplier for the relevant year.

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Source: https://www.legislation.gov.uk/ukdsi/2004/0110507045/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2004/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.