# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2022, Paragraph 6: Changes in the value of new hereditament: early relevant year of creation


(1) Sub-paragraph (2) applies in respect of a new hereditament in an early relevant year in which the creation day falls where for a chargeable day after the creation day the rateable value shown in a list for the hereditament is greater than the rateable value shown for the creation day.
(2) Where this sub-paragraph applies, paragraphs 2 to 5 have effect as regards the hereditament for the chargeable day as if the reference in those paragraphs to—
R×JS were a reference to—
R×JS+N-J×BC
(3) Sub-paragraph (4) applies in respect of a new hereditament in an early relevant year in which the creation day falls where for a chargeable day after the creation day the rateable value shown in a list for a hereditament is less than the rateable value shown in a list for the creation day.
(4) Where this sub-paragraph applies, paragraphs 2 to 5 have effect as if the reference in those paragraphs to—
R×JS were a reference to—
R×J×NS×J
(5) For the purposes of sub-paragraphs (2) and (4)—
B is the non-domestic rating multiplier for the relevant year in which the creation day falls;
C is the number of days in the relevant year in which the creation day falls;
N is the rateable value shown in a list for the new hereditament for the chargeable day; and
R, J and S have the same meanings given by paragraph 2, 3, 4 or 5.

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Source: https://www.legislation.gov.uk/ukdsi/2022/9780348241488/schedule/paragraph/6 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2022/schedule/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.