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Regulation 4 Amount payable as rates – lands and heritages with rateable value of more than £25,000

Original text. Later amendments are not shown.

(1)

This regulation applies to lands and heritages on any day in the relevant year when they have a rateable value exceeding £25,000.

(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)365

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 0.488; and

  • S is the additional factor of 0.003.