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5. In this Part—
(a)in any formula—
B is the figure applicable in relation to the relevant year for the purposes of paragraph 5(3) of Schedule 7 to the Act;
C is the figure applicable in relation to the relevant year for the purposes of paragraph 5(4) of Schedule 7 to the Act;
I is the figure for the retail prices index for September in the relevant preceding year;
and in relation to any class of hereditaments—
R is the recalculation factor applicable to that class determined under Part IV in respect of the relevant preceding year;
RV is the rateable value of that class in the relevant preceding year; and
T is the amount specified in relation to a class of hereditaments in column 1 of the Schedule;
U is the recalculation factor applicable to that class determined in accordance with Part IV in respect of the relevant year; and
“the standard formula” means the formula T + U.
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