The Non-Domestic Rates (Levying) (Scotland) Regulations 2014

Amount payable as rates – lands and heritages with rateable value of more than £35,000

This section has no associated Policy Notes

4.—(1) This regulation applies to lands and heritages on any day in the relevant year when they have a rateable value exceeding £35,000.

(2) The relevant year for the purposes of this regulation is the financial year 2014-2015.

(3) The additional amount payable as rates under these Regulations in respect of lands and heritages for a day in the relevant year on which this regulation applies to them shall be calculated in accordance with the formula—

where—

  • AARP is the additional amount of rates payable;

  • RV is the rateable value of the lands and heritages on that day;

  • S is the additional factor of 0.011; and

  • D is the number of days in the relevant year.