{
  "url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1995/regulation-21",
  "json_url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1995/regulation-21.json",
  "legislation": "uksi/1995/548",
  "legislation_title": "The Non-Domestic Rates (Levying) (Scotland) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1995",
  "path": "regulation/21",
  "kind": "regulation",
  "number": "21",
  "heading": "Changes in rateable value",
  "text": "(1) Where the rateable value of lands and heritages to which this Part applies is increased with effect from a day in the relevant year, the amount payable as rates in respect of those lands and heritages and any day in the relevant year on or after that effective day shall, subject to Part IV below, be calculated in accordance with the formula—\nAD+(IRV-RV)×0.432366 where—\nAD is the amount determined under regulation 19(1) or 20 above (before application of Part IV below) in respect of those lands and heritages and the day immediately prior to the effective day;\nIRV is the increased rateable value of those lands and heritages; and\nRV is their rateable value immediately prior to the effective day.\n(2) Where the rateable value of lands and heritages to which this Part applies is reduced with effect from a day in the relevant year, the amount payable as rates in respect of those lands and heritages and any day in the relevant year on or after that effective day shall, subject to Part IV below, be calculated in accordance with the formula—\nAD×RRVRV where—\nAD and RV have the same meanings as in paragraph (1) above; and\nRRV is the reduced rateable value of those lands and heritages.\n(3) Where the rateable value of lands and heritages is changed for a second or subsequent time whilst this Part applies to them, paragraphs (1) and (2) above shall have effect with the substitution, in the definition of “AD” in paragraph (1), for the words “regulation 19(1) or 20 above” of the words “this paragraph or paragraph (2) below”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/548/regulation/21",
    "retrieved_at": "2026-10-29T13:14:52.080784+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."
}