# The Non-Domestic Rating (Renewable Energy Projects) Regulations 2013, Paragraph 2

Extent: E+W

Where this Schedule applies, the notional 31st March 2013 rateable value is the amount calculated in accordance with the formula—
( R+S+T−U )×( V W ) where—
R is the total rateable value shown in a local non-domestic rating list for 31st March 2013 of any old hereditament which was capable of falling within class B on the day immediately preceding the creation day;
S is the total notional 31st March 2013 rateable value of any old hereditament which was capable of falling within class C on the day immediately preceding the creation day;
T is the total rateable value shown in a local non-domestic rating list for the day immediately preceding the creation day of any old hereditament which was—
(a) capable of falling within class D or E; or
(b) not capable of falling within a designated class;
on the day immediately preceding the creation day;
U is the amount certified by a relevant valuation officer under these Regulations in respect of any old hereditament for the day immediately preceding the creation day;
V is the rateable value shown in a local non-domestic rating list for the creation day of the new hereditament which falls within class C;
W is the total rateable value shown for the creation day of all new hereditaments created from the old hereditament.

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Source: https://www.legislation.gov.uk/uksi/2013/108/schedule/2/paragraph/2 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-renewable-energy-projects-regulations-2013/schedule-2/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.