Year 1 Example
Net Annual Value €50,000
Multiplier X 0.224
Rates Liability For 2026 €11,200
Less 50% Scheme Reduction € 5,600
Year 2 Example
Net Annual Value €50,000
Multiplier X 0.224
Rates Liability For 2026 €11,200
Less 25% Scheme Reduction € 8,400
Year 3 Example
Net Annual Value €50,000
Multiplier X 0.224
Rates Liability For 2026 €11,200
0% Scheme Reduction €11,200