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 on that day; and

• APF is the appropriate poundage figure, being–

  1. (a)

     0.448, where those lands and heritages have a rateable value of £10,000 or less on 1st April 2000; and

  2. (b)

     0.458, in any other case.