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The Non-Domestic Rating (Chargeable Amounts) (Wales) Regulations 2016
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Notional chargeable amount
7.—(1) This regulation applies to a defined hereditament where for a day after 1 April 2017 the rateable value shown in a local list for the defined hereditament is different to that shown for it in a local list on 1 April 2017.
(2) From the day on which the change in rateable value has effect, regulation 6 has effect as regards the defined hereditament with the following amendments—
(a)in paragraph (1), for “1 April 2017”, substitute “the day on which the change in rateable value has effect”, and
(b)in paragraph (3), for the definition of ‘A’. substitute “A is the rateable value shown for the defined hereditament in a local list on the day on which the change in rateable value has effect”.
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