- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2004 No. 3387
3.—(1) The base liability for the relevant year beginning in 2005 for an altered hereditament shall be found by applying the formula Y x Z, where—
Y is the amount mentioned in sub-paragraph (2), and
Z is the non-domestic rating multiplier for the financial year beginning in 2004.
(2) The amount referred to in sub-paragraph (1) is the amount certified by the appropriate valuation officer as the rateable value which would have been shown for the hereditament for 31st March 2005 in the list on the assumption that—
(a)the hereditament had come into existence on 31st March 2005; and
(b)the matters referred to in paragraph 2(7) of Schedule 6 to the Act as respects the hereditament were as they were assumed to be on the day on which it was shown for the first time in the local list as mentioned in paragraph 2(b) of this Schedule.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.