The Non-Domestic Rating (Renewable Energy Projects) (Amendment) Regulations 2017

Amendment of regulation 15

5.—(1) The existing provisions of regulation 15 (calculation of the amount to be disregarded: class B) become paragraph (1) of that regulation, and in that paragraph—

(a) for the formula substitute—

“”; and

(b) for the definition of “J” substitute—

“J is—

(a)

for a day falling within the period beginning on 1st April 2013 and ending on 31st March 2017, the rateable value shown for the hereditament in a local non-domestic rating list for 31st March 2013;

(b)

for a day on or after 1st April 2017, the amount calculated in accordance with the formula—

where—

• X is the rateable value shown for the hereditament in a local non-domestic rating list for 31st March 2013;

• Y is the rateable value shown for the hereditament in a local non-domestic rating list for 1st April 2017;

• Y1 is the rateable value shown for the hereditament in a local non-domestic rating list for 31st March 2017.”.

(2) After paragraph (1) insert—

“(2) For a hereditament to which regulation 19 (change in rateable value on 1st April 2017) applies, this regulation has effect subject to the modification made by that provision.”.