Regulation 22 Notional chargeable amount for central list hereditament

(1)

The notional chargeable amount for a defined central list hereditament for a relevant year shall be found by applying the formula—

A \times B

(2)

For the purposes of this regulation —

(a)

A is the value certified by the appropriate valuation officer to be the rateable value which would have been shown in the central list for that hereditament for 1 April 1995 if that had been the only hereditament of the designated person shown in the list for that date;

(b)

B is the non-domestic rating multiplier for the relevant year.