Regulation 5 Amount payable as rates – lands and heritages with rateable value exceeding £51,000 but not exceeding £100,000I1

This regulation applies to lands and heritages on any day in the relevant year where they have a rateable value exceeding £51,000, but not exceeding £100,000.

Subject to paragraph (4), the ratepayer liable to pay rates in respect of the lands and heritages must pay, for each day in respect of which this regulation applies, an additional amount calculated in accordance with paragraph (3).

The additional amount is to be calculated in accordance with the formula—

$$\text{AARP=}\frac{\left(\text{RV×S}\right)}{\text{D}}$$

Where—

• AARP is the additional amount of rates payable,

• RV is the rateable value of the lands and heritages on that day,

• S is the additional factor of 0.054, and

• D is the number of days in the relevant year.

No additional amount is payable under this regulation for—

This regulation does not prejudice the operation of any other enactment that provides for relief from non-domestic rates.