The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 1999

Change in rateable value for defined class of hereditaments on or after 1st April 2000

35.—(1) Where regulation 34 applies in respect of a defined class of hereditaments, paragraph (2) applies where for a day on or after 1st April 2000 the rateable value shown in the central list for the class of hereditaments is greater than the amount J.

(2) Where this paragraph applies, regulation 34 applies as regards the class of hereditaments for the day as if the reference to

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• were a reference to–

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  .

(3) Where regulation 34 applies, paragraph (4) applies in respect of a defined class of hereditaments where for a day on or after 1st April 2000 the rateable value shown in the central list of the class of hereditaments is less than the amount J.

(4) Where this paragraph applies, regulation 34 shall have effect as regards the class of hereditaments for the days as if the reference to

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• were a reference to–

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  .

(5) For the purposes of this regulation–

• B is the non-domestic rating multiplier for the relevant year in which the day falls;

• C is the number of days in the relevant year;

• J is the rateable value shown for the class of hereditaments for 1st April 2000 in the central list;

• N is the rateable value shown for the class of hereditaments for the day in the central list; and

• BL and AF have the meanings given in regulation 33(2).