# The Non-Domestic Rating (Designated Areas) Regulations 2023, Paragraph 3: For a specified year that is a revaluation year

Extent: E+W

(1) Subject to sub-paragraph (2), if a specified year is a revaluation year a billing authority’s baseline amount in respect of a designated area for the specified year is the amount calculated in accordance with the formula—
J×L×N2M×N1
(2) For the specified year beginning with 1st April 2023, a billing authority’s baseline amount is calculated in accordance with the formula—
K×L×N2M×N1

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Source: https://www.legislation.gov.uk/uksi/2023/175/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-designated-areas-regulations-2023/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.