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Regulation 8 Notional liability

Original text. Later amendments are not shown.

The notional liability in respect of any lands and heritages to which this Part applies and any day shall be calculated in accordance with the formula–

RV×PF365

where–

  • RV is the rateable value for those lands and heritages on that day; and

  • PF is the poundage figure of 0.461.