Regulation 22 Amount payable as rates

(1)

This regulation applies to lands and heritages on a day in the relevant year when—

(a)

they have a rateable value of less than £10,000; and

(b)

they are not lands and heritages—

(i)

to which Part II or IV above applies; or

(ii)

which have their rateable value prescribed in an order made under section 6 of the 1975 Act.

(2)

The amount payable as rates in respect of lands and heritages and a day on which this regulation applies to them shall, subject to Part VI below, be calculated in accordance with the formula—

\frac{RV \times 0.449}{365}

where—

RV is the rateable value of those lands and heritages on that day.