Regulation 8 Notional liability

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–

where–

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

• APF is the appropriate poundage figure, being–

  1. (a)

     0.465, where those lands and heritages have a rateable value of less than £10,000 on 1st April 1998; and

  2. (b)

     0.474, in any other case.