# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2026, 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 is found by applying the formula—
J × M × P
(3) For the purposes of this paragraph—
“J” is the value of A for the new hereditament for the creation day;
“D1” is the small business non-domestic rating multiplier for the relevant year after the year in which the creation day falls;
“D2” is the small business non-domestic rating multiplier for the relevant year in which the creation day falls;
“M” is in relation to the creation day;
“P” is the amount found by applying the formula—
D 1 D 2 + R S
“RS”—
(a) where the relevant year to which D2 relates is the year beginning on 1st April 2026, is 0.01;
(b) where the relevant year to which D2 relates is the year beginning on 1st April 2027, is zero.
(4) For the purposes of sub-paragraph (3), “P”, if not a whole number, is to be calculated to three decimal places only.

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Source: https://www.legislation.gov.uk/ukdsi/2026/9780348277562/schedule/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026/schedule/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.