Paragraph 3 Altered hereditament: notional chargeable amount
(1)
The notional chargeable amount for a relevant year for an altered hereditament shall be found by applying the formula
.
(2)
For the purposes of this paragraph —
(a)
A is the rateable value shown for the hereditament for the day for which it is shown for the first time in the list following its alteration, and
(b)
B is the non-domestic rating multiplier for the relevant year.