# The Non-Domestic Rating (Chargeable Amounts) Regulations 1994, Regulation 4: Notional chargeable amount


(1) The notional chargeable amount for a defined hereditament for a relevant year shall be found by applying the formula—
A×B
(2) For the purposes of this regulation —
(a) A is the rateable value shown for the hereditament for 1 April 1995 in the list, and
(b) B is the non-domestic rating multiplier for the relevant year.
(3) Where regulation 14 (change in rateable value change of circumstances on 1 April 1995) applies, this regulation applies subject to the modifications made in that regulation.
(4) For a hereditament to which Schedule 1 (altered hereditaments) applies, paragraph 3 of that Schedule applies for finding the notional chargeable amount.
(5) For a hereditament to which Schedule 2 (splits and mergers) applies, paragraph 8 of that Schedule applies for finding the notional chargeable amount.
(6) For a hereditament to which Schedule 3 (class of central list hereditaments splitting from 1 April 1995) applies, paragraph 8 of that Schedule applies for finding the notional chargeable amount.

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Source: https://www.legislation.gov.uk/uksi/1994/3279/regulation/4 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-chargeable-amounts-regulations-1994/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.