# The Non-Domestic Rates (Levying) (Scotland) Regulations 2003, Regulation 10: Reduction in rateable value on 1st April 2003


Where the rateable value of lands and heritages to which this Part applies is reduced on 1st April 2003, 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 ARP shall not be payable but shall be calculated in accordance with the formula–
ARP=NL+(0.261/0.522×BTA×[RV/PRV]) where–
ARP, NL and BTA have the same meanings as in regulation 7 above;
RV is the rateable value of those lands and heritages on 1st April 2003; and
PRV is the rateable value of those lands and heritages on 31st March 2003.

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Source: https://www.legislation.gov.uk/ssi/2003/160/regulation/10 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-2003/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.