Paragraph 4 Altered hereditament: notional chargeable amount

The notional chargeable amount for a relevant year for an altered hereditament is found by applying the formula—

$$A\times D$$

where—

• A is the rateable value shown for the hereditament for the day for which it is shown for the first time in a local list following the alteration, and

• D is the small business non-domestic rating multiplier for the relevant year.