Paragraph 3 F1

The notional chargeable amount for a hereditament for each day in a relevant year shall be found by applying the formula—

A is the rateable value shown for the hereditament for 1 April 1990 in the local non-domestic rating list.

Subject to sub-paragraph (4) below, B is the non-domestic rating multiplier for the relevant year concerned.

Where the hereditament is situated in the area of a special authority, B is the authority’s non-domestic rating multiplier for the relevant year concerned.

C is the number of days in the relevant year concerned.

Relevant years are financial years falling in the transitional period.