# The Non-Domestic Rates (Levying) (Scotland) Regulations 2000, Regulation 12: Changes in rateable value after 1st April 2000


(1) Where, subsequent to 1st April 2000, the rateable value of lands and heritages to which this Part applies is increased with effect from a day in the relevant year (the “effective day”), the upper and lower transitional limits in respect of those lands and heritages shall, as regards days in that year on and after that effective day, be calculated in accordance with the formula–
TL+(IRV-RV)×PF365 where–
TL is the upper, or as the case may be lower, transitional limit in respect of those lands and heritages and the day immediately prior to the effective day;
IRV is the increased rateable value of those lands and heritages;
RV is their rateable value immediately prior to the effective day; and
PF is the poundage figure, being–
(a) 0.448, where the increased rateable value of the lands and heritages is £10,000 or less; and
(b) 0.458, in any other case.
(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 subsequent to 1st April 2000, as a result of–
(a) a material change of circumstances (within the meaning of section 37(1) of the 1975 Act); or
(b) the assessor amending or adding an apportionment note under paragraph 2 of Schedule 5 to the 1992 Act,
the upper and lower transitional limits in respect of those lands and heritages shall, as regards days in that year on and after that effective day, be calculated in accordance with the formula–
TL×RRVRV where–
TL and RV have the same meanings as in paragraph (1) above; and
RRV is the reduced rateable value of those lands and heritages

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Source: https://www.legislation.gov.uk/ssi/2000/92/regulation/12 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-2000/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.