The Non-Domestic Rates (Levying) (Scotland) Regulations 2002 No. 91

PART II LANDS AND HERITAGES ON ROLL ON 1ST APRIL 2002

Reduction in rateable value on 1st April 2002

10.  Where the rateable value of lands and heritages to which this Part applies is reduced on 1st April 2002, as a result of–

(a) a material change of circumstances (within the meaning of section 37(1) of the 1975 Act); or

(b) the assessor amending or adding an apportionment note under paragraph 2 of Schedule 5 to the 1992 Act,

the ARP shall not be payable but shall be calculated in accordance with the formula–

where–

• ARP, NL and BTA have the same meanings as in regulation 7 above;

• RV is the rateable value of those lands and heritages on 1st April 2002; and

• PRV is the rateable value of those lands and heritages on 31st March 2002.