# The Non-Domestic Rating (Chargeable Amounts) Regulations 1994, 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
A×B .
(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.

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Source: https://www.legislation.gov.uk/uksi/1994/3279/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-chargeable-amounts-regulations-1994/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.