Regulation 28 Base liability for 1995-96 for defined class of hereditaments

(1)

The base liability of a defined class of hereditaments for the relevant year beginning in 1995 shall be found by applying the formula—

Y \times Z

(2)

For the purposes of this regulation —

(a)

Y is the rateable value shown for the class of hereditaments in the central list for 31 March 1995; and

(b)

Z is the non-domestic rating multiplier for the financial year beginning in 1994.