{
  "url": "https://openlegislation.uk/non-domestic-rating-chargeable-amounts-england-regulations-2016/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/non-domestic-rating-chargeable-amounts-england-regulations-2016/schedule-2/paragraph-7.json",
  "legislation": "uksi/2016/1265",
  "legislation_title": "The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/non-domestic-rating-chargeable-amounts-england-regulations-2016",
  "path": "schedule/2/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Notional chargeable amount for new hereditament",
  "text": "(1) This paragraph applies for determining the notional chargeable amount for a new hereditament for a relevant year falling after the year in which the creation day falls.\n(2) Where this paragraph applies, the relevant notional chargeable amount is found by applying the formula—\nJ×D where—\nJ is the rateable value shown in a list for the new hereditament for the creation day; and\nD is the small business non-domestic rating multiplier for the relevant year.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 7 in force at 22.12.2016, see reg. 2(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/1265/schedule/2/paragraph/7",
    "retrieved_at": "2026-10-28T23:16:33.265586+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}