{
  "url": "https://openlegislation.uk/draft-railways-rateable-values-england-order-2000/article-5",
  "json_url": "https://openlegislation.uk/draft-railways-rateable-values-england-order-2000/article-5.json",
  "legislation": "ukdsi/2000/0110987195",
  "legislation_title": "The Railways (Rateable Values) (England) Order 2000",
  "legislation_url": "https://openlegislation.uk/draft-railways-rateable-values-england-order-2000",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Recalculation factor",
  "text": "(1) Where, in relation to a relevant year, the figure produced by the formula—\nk-KK\nin relation to a relevant hereditament is less than −0.05 or greater than 0.05, the recalculation factor in relation to that hereditament for that and every subsequent year is the figure produced by the formula—\nT ( k − K K ) (2) In any other case the recalculation factor is 0.\n(3) For the purposes of paragraph (1)—\nk is the estimated relevant track length as at 31st March in the relevant preceding year;\nK is the estimated relevant track length as at 31st March 2000;\nT has the same meaning as in the definition of “the standard formula” in article 2(1).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2000/0110987195/article/5",
    "retrieved_at": "2026-10-30T15:19:12.170802+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."
}