Regulation 12 Amendment of the 1994 Regulations for 1997/8, 1998/9 and 1999/2000

At the end of paragraph 1 of Schedule 2A (splits and mergers—certified values: notional chargeable amount) add the following sub-paragraph—

“(3)

As respects a financial year beginning in or after 1997, this paragraph shall have effect as if, for the definition of B, there were substituted—

• “B is—

  1. (a)

     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

  2. (b)

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