# Local Government Finance Act 1988, Paragraph 1


(1) Subject to the following provisions of this Schedule, the chargeable amount for a chargeable day is to be calculated in accordance with the formula—
A×MC
(2) But—
(a) the appropriate national authority may by regulations provide that sub-paragraph (1) has effect as if the following formula were substituted—
A×MC×N
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1988/41/schedule/4ZB/paragraph/1 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/schedule-4ZB/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.