The Non-Domestic Rating (Chargeable Amounts) Regulations 1994

Central list hereditament: rules for determining chargeable amount

25.—(1) Where this regulation applies to a hereditament, the chargeable amount as respects the designated person for the description of hereditaments of which it forms the whole or part for a chargeable day which is a relevant day shall be found in accordance with the rules prescribed in paragraph (2) in place of the provisions of section 54(4) to (7) of the Act.

(2) The chargeable amount for the chargeable day shall be calculated by applying the formula—

(3) For the purposes of this regulation —

(a) A is the amount certified by the appropriate valuation officer to be the portion of the rateable value shown for the day in the central list against the name of the designated person which is not attributable to hereditaments to which this regulation applies;

(b) B is the non-domestic rating multiplier for the relevant year;

(c) C is the number of days in the relevant year;

(d) H is the aggregate for the day of the amounts found by applying the formula—

for every hereditament to which this regulation applies shown for the day in the central list against the name of the designated person; and

(e) BL and AF have the meanings given in regulation 24(2).

(4) In a case where regulation 26 applies, this regulation has effect subject to the modifications made in that regulation.