# The Non-Domestic Rates (Levying) (Scotland) Regulations 2003, Regulation 16: Amount payable as rates


(1) This regulation applies to lands and heritages on any day in the relevant year when–
(a) they have a rateable value exceeding £25,000; and
(b) they are not lands and heritages–
(i) to which Part II or Part III 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 be calculated in accordance with the formula–
ARP=RV(PR+S)366 where–
ARP is the amount of rates payable;
RV is the rateable value of the lands and heritages on that day;
PR is the poundage rate of 0.478; and
S is the additional factor of 0.006.

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Source: https://www.legislation.gov.uk/ssi/2003/160/regulation/16 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-2003/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.