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Regulation 5 Amendment of the 1994 Regulations for 1997/8, 1998/9 and 1999/2000

Original text. Later amendments are not shown.

At the end of regulation 1(2) add—

  • ““small hereditament” means—

    1. (a)

      a hereditament situated outside Greater London for which the rateable value shown in the list is less than £10,000, or

    2. (b)

      a hereditament situated in Greater London for which the rateable value shown in the list is less than £15,000;

  • “small hereditament factor” means the amount by which the non-domestic rating multiplier determined in accordance with Part I of Schedule 7 to the Act for the financial year beginning in 1997 exceeds that multiplier for the financial year beginning in 1996.”.