Regulation 8 Notional liability

Scotland

The notional liability in respect of any lands and heritages to which this Part applies and any day is to be calculated in accordance with the formula—F1

\frac{R V \times P F}{366}

where—

RV is the rateable value for those lands and heritages on that day; and

F2PF is the poundage figure of—

(i)
F30.524 where the lands and heritages have a rateable value exceeding £95,000,
(ii)
F40.511 where the lands and heritages have a rateable value exceeding £51,000, but not exceeding £95,000, or
(iii)
F50.498 in any other case.

Annotations

Textual amendments

F1: Word "365" substituted for "366" in reg. 8 formula (1.4.2020) by The Non-Domestic Rates (Transitional Relief) (Scotland) Amendment Regulations 2020 (S.S.I. 2020/42), regs. 1, 2(3)(a)
F2: Words in reg. 8 substituted (1.4.2020) by The Non-Domestic Rates (Transitional Relief) (Scotland) Amendment Regulations 2020 (S.S.I. 2020/42), regs. 1, 2(3)(b) (as amended (31.3.2020) by The Non-Domestic Rates (Coronavirus Reliefs) (Scotland) Regulations 2020 (S.S.I. 2020/101), regs. 1, 5(2)(a)(i)(ii)(iii))
F3: Word in reg. 8 substituted (1.4.2022) by The Non-Domestic Rates (Levying and Miscellaneous Amendment) (Scotland) Regulations 2022 (S.S.I. 2022/48), regs. 1, 10(3)(a)
F4: Word in reg. 8 substituted (1.4.2022) by The Non-Domestic Rates (Levying and Miscellaneous Amendment) (Scotland) Regulations 2022 (S.S.I. 2022/48), regs. 1, 10(3)(b)
F5: Word in reg. 8 substituted (1.4.2022) by The Non-Domestic Rates (Levying and Miscellaneous Amendment) (Scotland) Regulations 2022 (S.S.I. 2022/48), regs. 1, 10(3)(c)