{
  "url": "https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026/regulation-7",
  "json_url": "https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026/regulation-7.json",
  "legislation": "ukdsi/2026/9780348277562",
  "legislation_title": "The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2026",
  "legislation_url": "https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Notional chargeable amount",
  "text": "(1) Subject to paragraphs (4) and (5), the notional chargeable amount for a defined hereditament—\n(a) for the relevant year beginning on 1st April 2026 is the amount found by applying the formula—\nA × ( M + R S )\n(b) for the relevant years beginning on 1st April 2027 and 1st April 2028 is the amount found by applying the formula—\nN × P\n(2) For the purposes of this regulation—\n“A” is in relation to 1st April 2026;\n“D1” is the small business non-domestic rating multiplier for the relevant year;\n“D2” is the small business non-domestic rating multiplier for the relevant year which precedes the relevant year;\n“M” is in relation to 1st April 2026;\n“N” is the notional chargeable amount for the year preceding the relevant year;\n“P” is the amount found by applying the formula—\nD 1 D 2 + R S\n“RS”—\n(a) where the relevant year to which D2 relates is the year beginning on 1st April 2026, is 0.01;\n(b) where the relevant year to which D2 relates is the year beginning on 1st April 2027, is zero.\n(3) For the purposes of paragraph (2), “P”, if not a whole number, is calculated to three decimal places only.\n(4) Where regulation 14 (change in rateable value on 1st April 2026) applies, references in this regulation to A have effect subject to the modifications made in paragraph (3) of that regulation.\n(5) For a hereditament to which the Schedule (splits and mergers) applies, paragraph 7 of that Schedule has effect for finding the notional chargeable amount.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2026/9780348277562/regulation/7",
    "retrieved_at": "2026-10-30T14:38:18.789038+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}