# The British Gas plc (Rateable Values) Order 1989, Note: Explanatory note


(This note is not part of the Order)
Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the Secretary of State may by order provide in the case of non-domestic hereditaments to be shown in the central rating lists for England and Wales that the normal rules of valuation for rating contained in paragraphs 2 to 2B of that Schedule shall not apply, and instead their rateable value shall be such as is specified, or determined in accordance with rules set out, in the order.
Gas hereditaments occupied (or, if unoccupied, owned) by British Gas plc are required to be shown in the central rating lists by virtue of the Central Rating Lists Regulations 1989 (S.I. 1989/2263). This Order provides (article 4) that paragraphs 2 to 2B are not to apply to such hereditaments, and that their rateable value is to be as specified in or determined under the rules set out in the Order.
For the year beginning on 1st April 1990 £504,300,000 is specified as the rateable value of gas hereditaments situated in England; in subsequent years this amount is to be recalculated according to a standard formula, in accordance with Part IV, which takes account of changes in the length of gas pipe-lines.
Part III provides for the rateable value of gas hereditaments situated in Wales. In the year 1990/1 this to be the amount produced by dividing £9,701,277 by the non-domestic rating multiplier applicable for that year for Wales under Schedule 7 to the Act. In subsequent years, the rateable value in each preceding year is increased by steps of 20 per cent. and adjusted by reference to Part IV, until the amount produced by this formula exceeds the amount produced in respect of that year by so adjusting £31,700,000.

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Source: https://www.legislation.gov.uk/uksi/1989/2471/note (the official version)
Page: https://openlegislation.uk/british-gas-plc-rateable-values-order-1989/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.