Regulation 8 Notional liabilityI1

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

where—

• RV is the rateable value of those lands and heritages on that day, and

• F1PF is the poundage figure of—

  1. (a)

     0.524 where the lands and heritages have a rateable value exceeding £100,000,

  2. (b)

     0.511 where the lands and heritages have a rateable value exceeding £51,000 but not exceeding £100,000, or

  3. (c)

     0.498 in any other case.