RATING AND VALUATION Citation, commencement and interpretation 1 1 These Regulations may be cited as the Non–Domestic Rating (Chargeable Amounts) (Amendment) Regulations 1995 and shall come into force on the day after the day on which they are made. 2 In these Regulations “the 1994 Regulations ” means the Non–Domestic Rating (Chargeable Amounts) Regulations 1994 . Amendment of the 1994 Regulations 2 1 The 1994 Regulations are amended in accordance with the following paragraphs. 2 In regulation 1(2), for the definition of “recalculation factor” substitute— “recalculation factor”, as respects a class of hereditaments and a year, means the factor in the rateable value order for recalculating the rateable value in respect of that class for that year; “1994 recalculation factor”, as respects a class of hereditaments, means the factor in the rateable value order which applied for that class for the financial year beginning on 1st April 1994 for recalculating the rateable value in respect of that class for that year; “1995 recalculation factor”, as respects a class of hereditaments, means the factor which would have applied in respect of the class of hereditaments for recalculating the rateable value in respect of that class for the relevant year beginning on 1st April 1995 if the rateable value order which applied for that class for the financial year beginning on 1st April 1994 were in force on 1st April 1995, and the provisions in that order as to annual recalculation had extended to the relevant year beginning in 1995; . 3 In regulation 30(1), for the formula, substitute— ( A - ( RF - rf ) ) × B 4 In regulation 30(2) for “recalculation factor” substitute “1995 recalculation factor” and at the end insert— rf is the 1994 recalculation factor for the class of hereditaments (subject to the provisions of paragraph (3)) . 5 For regulation 30(3) substitute— 3 In a case where paragraph (4) applies, the 1994 recalculation factor and 1995 recalculation factor for each class of hereditaments shall be taken to be the factor which would have applied in respect of the class of hereditaments for recalculating the rateable value in respect of that class for the year beginning on 1st April in the year in question if the rateable value order which applied for the class of hereditaments mentioned in paragraph (4)(a) applied to the class in question and the provisions in that order as to annual recalculation had extended to the year in question. . 6 In regulation 34(5)(c), for the formula, substitute— ( A - ( RF - rf ) ) 7 In paragraphs 4(1) and 8(1) of Schedule 3, for the formula, substitute in each case— ( A - ( RF - rf ) + SJ ) × B 8 In paragraph 4(2) of Schedule 3 for “recalculation factor” substitute “1995 recalculation factor” and, at the end, insert— e rf is the 1994 recalculation factor for the former class. . 9 In paragraph 5(1) of Schedule 3, for the formula ( BL × AF ) C × ( A - RF ) ( A - RF + SJ ) substitute ( BL × AF ) C × ( A - ( RF - rf ) ) ( A - ( RF - rf ) + SJ ) 10 In paragraphs 5(2) and 9(2) of Schedule 3, after “RF”, insert in each case “, rf”. 11 In paragraph 8(2) of Schedule 3 for “recalculation factor” substitute “1995 recalculation factor” and at the end insert— rf is the 1994 recalculation factor for the former class. . 12 In paragraph 9(1) of Schedule 3, for the formula ( BL × AF ) C × J ( A - RF + SJ ) substitute ( BL × AF ) C × J ( A - ( RF - rf ) + SJ ) 13 In paragraph 4 of Schedule 4, after “RF” insert “and rf”. Signed by authority of the Secretary of State for the Environment David Curry Minister of State, Department of the Environment 30th March 1995 Signed by authority of the Secretary of State for Wales Gwilym Jones Parliamentary Under Secretary of State, Welsh Office 30th March 1995