# The Non-Domestic Rating (Chargeable Amounts) Regulations 1994, Paragraph 8: Notional chargeable amount for new hereditament


(1) This paragraph applies for determining the notional chargeable amount for a new hereditament for a relevant year falling after the year in which the creation day falls.
(2) Where this paragraph applies, the relevant notional chargeable amount for a hereditament shall be found by applying the formula
J×B .
(3) For the purposes of this paragraph —
(a) J is the rateable value shown in the list for the new hereditament for the creation day, 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/2/paragraph/8 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-chargeable-amounts-regulations-1994/schedule-2/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.