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29.—(1) The base liability of a defined class of hereditaments for the relevant year beginning in 2000 shall be found by applying the formula Y × Z.
(2) For the purposes of this regulation–
Y is the rateable value shown for the class of hereditaments in the central list for 31st March 2000; and
Z is the non-domestic rating multiplier for the financial year beginning in 1999.
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