F1SCHEDULE 7A Non-Domestic Rating: 1990-95
Chargeable amounts
8
(1)
Paragraph 9 below applies to a hereditament for a transitional day (the day concerned) if—
(a)
as regards the hereditament the day concerned is a chargeable day for which a chargeable amount falls to be determined under section 43 above,
(b)
as regards the day concerned the hereditament is a defined hereditament,
(c)
NCA is less than BL,
(d)
NCA is less than (BL x AF), and
(e)
in a case where the day concerned is not 1 April 1990, paragraph 9 below applies to the hereditament for each transitional day preceding the day concerned, and it does so by virtue of this paragraph.
(2)
In a case where the hereditament is situated in the area of a special authority, the reference to (BL x AF) is a reference to it adjusted by finding the appropriate amount and—
(a)
if the appropriate amount is positive, adding it to (BL x AF), or
(b)
if the appropriate amount is negative, subtracting the equivalent positive amount from (BL x AF).
(3)
For the purposes of sub-paragraph (2) above the appropriate amount is the amount found by applying the formula—
(4)
For the purposes of this paragraph—
(a)
NCA is the notional chargeable amount for the hereditament for the day concerned,
(b)
BL is the base liability for the hereditament for the day concerned,
(c)
AF is the appropriate fraction for the hereditament for the day concerned,
(d)
D is the rateable value shown for the hereditament in the local non-domestic rating list for 1 April 1990,
(e)
E is the non-domestic rating multiplier of the special authority concerned for the financial year in which the day concerned falls,
(f)
F is the non-domestic rating multiplier for the financial year in which the day concerned falls, and
(g)
G is the number of days in the financial year in which the day concerned falls.