# The Non-Domestic Rates (Levying) (Scotland) Regulations 2004, Regulation 4: Amount payable as rates – lands and heritages with rateable value of more than £25,000


(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.

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Source: https://www.legislation.gov.uk/ssi/2004/92/regulation/4 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-2004/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.