Regulation 3 Amendment of regulation 7

for paragraph (2)(c) substitute—

“(c)

the rateable value for the hereditament—

(i)

for a day falling within the period beginning on 1st April 2013 and ending on 31st March 2018, is greater than the rateable value of that hereditament for 31st March 2013;

(ii)

for a day on or after 1st April 2018, is greater than the amount calculated in accordance with the formula—

$X\times \frac{Y}{Y1}$

where—

• X is the rateable value shown for the hereditament in a local non-domestic rating list for 31st March 2013;

• Y is the rateable value shown for the hereditament in a local non-domestic rating list for 1st April 2017;

• Y1 is the rateable value shown for the hereditament in a local non-domestic rating list for 31st March 2017.”; and

after paragraph (2) insert—

“(3)

For a hereditament to which regulation 19 (change in rateable value on 1st April 2017) applies, this regulation has effect subject to the modification made by that provision.”.