# The Non-Domestic Rates (Levying) (Scotland) Regulations 2012, Regulation 4: Amount payable as rates – lands and heritages with rateable value of more than £35,000


(1) This regulation applies to lands and heritages on any day in the relevant year when they have a rateable value exceeding £35,000.
(2) The additional amount payable as rates under these Regulations in respect of lands and heritages for a day in the relevant year on which this regulation applies to them shall be calculated in accordance with the formula—
AARP= (RV x S) D
where—
AARP is the additional amount of rates payable;
RV is the rateable value of the lands and heritages on that day;
S is the additional factor of 0.008; and
D is the number of days in the relevant year.

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Source: https://www.legislation.gov.uk/ssi/2012/28/regulation/4 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-2012/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.