Regulation 13 Special authorities: change in rateable value after 1 April 1995

(1)

Paragraph (2) applies where, for a day after 1 April 1995, the rateable value shown in the list for a defined hereditament in a case where regulation 12 applies is greater than that shown for it for 1 April 1995.

(2)

Where this paragraph applies, regulation 12 shall have effect as regards the hereditament for the day as if the reference to the formula—

\frac{(BL \times AF)}{C} + \frac{((D - B) \times J)}{C}

were a reference to the formula—

\frac{(BL \times AF)}{C} + \frac{(N \times D) - (J \times B)}{C}

and as if the reference to the formula—

\frac{(BL \times AF)}{C} \times \frac{D}{B}

were a reference to the formula—

(\frac{(BL \times AF)}{C} \times \frac{D}{B}) + \frac{((N - J) \times D)}{C}

(3)

Paragraph (4) applies where for a day after 1 April 1995 the rateable value shown in the list for a defined hereditament in a case where regulation 12 applies is less than that shown for it for 1 April 1995.

(4)

Where this paragraph applies, regulation 12 (special authorities: special cases) shall have effect as regards the hereditament for the day as if the reference to the formula—

\frac{(BL \times AF)}{C} + \frac{((D - B) \times J)}{C}

were a reference to the formula—

(\frac{(BL \times AF)}{C} \times \frac{N}{J}) + \frac{((D - B) \times N)}{C}

and as if the reference to the formula—

\frac{(BL \times AF)}{C} \times \frac{D}{B}

were a reference to the formula—

\frac{(BL \times AF)}{C} \times \frac{D}{B} \times \frac{N}{J}

(5)

For the purposes of the provisions substituted in regulation 12 by paragraphs (2) and (4) —

(a)

B is the non-domestic rating multiplier for the relevant year in which the chargeable day falls,

(b)

C is the number of days in the relevant year,

(c)

D is the non-domestic rating multiplier of the special authority concerned for the relevant year,

(d)

N is the rateable value shown in the list for the hereditament for the day,

(e)

J is the rateable value shown in the list for the hereditament for 1 April 1995, and

(f)

BL and AF have the meanings given in regulation 9(2).

(6)

Where one or more of the following provisions apply —

(a)

regulation 14 (change in rateable value: change of circumstances on 1 April 1995),

(b)

paragraph 5 of Schedule 1 (altered hereditament: change in rateable value),

(c)

paragraph 11 of Schedule 2 (rateable value: hereditament split or merged after 1 April 1995),

(d)

paragraph 9 of Schedule 3 (chargeable amount for former central list hereditament),

this regulation applies subject to the modifications made in the regulation or paragraph concerned.