Regulation 3 Amendment of the 1994 Regulations for 1997/8

Regulation 8 (appropriate fraction) of the 1994 Regulations is amended by the addition of the following paragraph:

“(7)

As respects the financial year beginning in 1997, this regulation shall have effect as if—

(a)

in paragraph (2)(b), for “107.5” there were substituted “100”;

(b)

in paragraph (2)(c), for “105” there were substituted “100”;

(c)

at the end of paragraph (5) there were added:

• “but if the hereditament falls within the description in regulation 8(2)(b) or (c) or 8(4), the value of Q is 1.”.”.