Regulation 6 Amendment of regulation 16

for the formula substitute—

• “$(E-(K-L))\times ((H-M)/H)$”; and

for the definition of “M” substitute—

• “M is—

  1. (a)

     for a day falling within the period beginning on 1st April 2013 and ending on 31st March 2017, the notional 31st March 2013 rateable value in respect of the hereditament determined in accordance with Schedule 1 or 2 (as the case may be);

  2. (b)

     for a day on or after 1st April 2017, the amount calculated in accordance with the formula—

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

  where—

  • Z is the notional 31st March 2013 rateable value in respect of the hereditament determined in accordance with Schedule 1 or 2 (as the case may be);

  • 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.”.