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)

     0.478 + S, where S is the additional factor of 0.006 and where the rateable value of those lands and heritages exceeds £25,000 on 1st April 2003; and

  2. (b)

     0.478, in any other case.