Regulation 8 Class C: renewable power stations created from class B hereditamentsI1

the hereditament is a renewable power station;

the hereditament is first entered onto a F1list on or after 1st April 2013;

the rateable value for the hereditament is greater than the notional baseline; and

the hereditament is an altered hereditament or a new hereditament to which Schedule 1 or 2 applies.

for a day falling within the period beginning with 1st April 2018 and ending with 31st March 2024, the amount calculated in accordance with the formula—

where—

• X 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 the list for 1st April 2017;

• Y1 is the rateable value shown for the hereditament in the list for 31st March 2017;

for a day falling within the period beginning with 1st April 2024 and ending with 31st March 2026, the amount calculated in accordance with the formula—

where—

• X1 is the notional baseline for 31st March 2024;

• Y2 is the rateable value shown for the hereditament in the list for 1st April 2023;

• Y3 is the rateable value shown for the hereditament in the list for 31st March 2023;

for a day on or after 1st April 2026, the amount calculated in accordance with the formula—

where—

• J is the notional baseline for the last day on which the list immediately preceding the current list was in force;

• Z is the rateable value shown for the hereditament in the list for the day on which the current list was compiled;

• Z1 is the rateable value shown for the hereditament in the list for the last day on which the list immediately preceding the current list was in force.