Regulation 11 Amendment of the 1994 Regulations for 1997/8, 1998/9 and 1999/2000

At the end of paragraph 8 of Schedule 2 (splits and mergers: notional chargeable amount for new hereditament) add the following sub-paragraph—

“(4)

As respects a financial year beginning in or after 1997, this paragraph shall have effect as if, for paragraph (b) of sub-paragraph (3), there were substituted—

“(b)

B is—

(i)

in a case where, for the creation day, the new hereditament is a small hereditament, the non-domestic rating multiplier for the relevant year less the small hereditament factor; or

(ii)

in any other case, the non-domestic rating multiplier for the relevant year.”.”.