[F14(1)The base liability for a hereditament for each day in the financial year beginning in 1990 shall be found by applying the formula—E+W
(2)A is the rateable value of the hereditament, as determined under paragraph 6 below.
(3)B is the general rate poundage effective for 31 March 1990 for the rating area (within the meaning of the 1967 Act) in which the hereditament is situated.
(4)C is the number of days in the financial year beginning in 1989.
(5)The base liability for a hereditament for each day in a relevant year (the year concerned) other than the financial year beginning in 1990 shall be found by applying the formula—
(6)Relevant years are financial years falling in the transitional period.
(7)BL is the base liability for the hereditament for each day in the financial year immediately preceding the year concerned.
(8)AF is the appropriate fraction for the hereditament for each day in the financial year immediately preceding the year concerned.]
Textual Amendments
F1Sch. 7A inserted by Local Government and Housing Act 1989 (c. 42, SIF 81:1), s. 139, Sch. 5 para. 40
Modifications etc. (not altering text)
C3Sch. 7A para. 4 modified by S.I. 1990/608, reg. 2
C4Sch. 7A para. 4(3) modified by S.I. 1990/608, reg. 12(2)(3)