{
  "url": "https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026/schedule/paragraph-7",
  "json_url": "https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026/schedule/paragraph-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": "schedule/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Notional chargeable amount for new hereditament",
  "text": "(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.\n(2) Where this paragraph applies, the relevant notional chargeable amount is found by applying the formula—\nJ × M × P\n(3) For the purposes of this paragraph—\n“J” is the value of A for the new hereditament for the creation day;\n“D1” is the small business non-domestic rating multiplier for the relevant year after the year in which the creation day falls;\n“D2” is the small business non-domestic rating multiplier for the relevant year in which the creation day falls;\n“M” is in relation to the creation day;\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(4) For the purposes of sub-paragraph (3), “P”, if not a whole number, is to be calculated to three decimal places only.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2026/9780348277562/schedule/paragraph/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."
}