The Non-Domestic Rates (Levying) (Scotland) Regulations 2003 No. 160

PART V LANDS AND HERITAGES WITH RATEABLE VALUE OF MORE THAN £25,000

Amount payable as rates

16.—(1) This regulation applies to lands and heritages on any day in the relevant year when–

(a) they have a rateable value exceeding £25,000; and

(b) they are not lands and heritages–

(i) to which Part II or Part III above applies; or

(ii) which have their rateable value prescribed in an order made under section 6 of the 1975 Act.

(2) The amount payable as rates in respect of lands and heritages and a day on which this regulation applies to them shall be calculated in accordance with the formula–

where–

• ARP is the amount of rates payable;

• RV is the rateable value of the lands and heritages on that day;

• PR is the poundage rate of 0.478; and

• S is the additional factor of 0.006.