Amount of E
15.—(1) The amount specified in, or calculated in accordance with, paragraph (2) is prescribed as the amount of E for the purposes of subsection 44(9) of the 1988 Act where the conditions in article 12, 13 or 14 are satisfied.
(2) Where in relation to a hereditament the conditions prescribed by the article specified in column (1) of the table below are satisfied and the rateable value of the hereditament is within the range in corresponding column (2), then E is the amount specified or as calculated in corresponding column (3).
Table
| (1) Article | (2) Rateable Value (£) | (3) Amount of E |
|---|---|---|
| 12 (Rateable Value) | 0 to 6,000 | 5,000,000 |
| 12 (Rateable Value) | 6,001 to 12,000 | Calculated in accordance with paragraphs (3) and (4) of this article |
| 13 (Child Care) | 0 to 6,000 | 5,000,000 |
| 13 (Child Care) | 6,001 to 9,000 | Calculated in accordance with paragraphs (3) and (4) of this article |
| 14 (Retail Premises) | 10,500 to 11,000 | 1.333333 |
(3) Subject to paragraph (4), the amount of E is derived from dividing 6000 by the figure reached by subtracting 6000 from the rateable value of the hereditament shown in the local non-domestic rating list for that day.
(4) Amounts calculated under paragraph (3) are calculated to three decimal places only—
(a)adding one thousandth where (apart from this sub-paragraph) there would be more than five ten-thousandths; and
(b)ignoring the ten-thousandths where (apart from this sub-paragraph) there would be five, or less than five, ten thousandths.