Paragraph 3 Base liability for 1995-96 for merged central and local list hereditament

(1)

Where this Schedule applies, the base liability for a merged hereditament for the relevant year beginning in 1995 is to be calculated in accordance with the formula—

Y \times Z

(2)

For the purposes of this paragraph —

(a)

Y is the value certified by the appropriate valuation officer to be the rateable value which would have been shown for the merged hereditament for 31 March 1995 in the central list if the merged hereditament had been shown in the central list for that date and paragraphs 2 to 2B of Schedule 6 to the Act applied for the determination of its rateable value, and

(b)

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