What
is Notional Liability or Notional Saving?
When
a rating surveyor talks about Notional Liability they
mean the liability that would be payable based
on the RV multiplied by the non domestic rating multiplier
(UBR), i.e. ignoring any transitional arrangements or
other reliefs.
This
is not always the same as the actual liability.
Therefore,
the Notional Saving resulting from an RV reduction is
the difference between the original Notional Liability
and the revised Notional Liability.
This
is not always the same as the actual saving so
any fee based on this amount may not be directly related
to the amount of saving or refund.
<back
to appeals> <back to Avoiding
Empty Property Rate>
|
