# Rates (Northern Ireland) Order 1977, Paragraph 4

Extent: N.I.

(1) This paragraph applies to industrial hereditaments ....
(2) Where a hereditament to which this paragraph applies is distinguished in the NAV list as being occupied and used wholly for industrial purposes, its rateable net annual value shall be subject to sub-paragraph (3) nil or such percentage of its net annual value as the Department may by order subject to affirmative resolution specify.
(3) For the purposes of sub-paragraph (2) the rateable net annual value of a hereditament for any year specified in this sub-paragraph shall be the following percentage of its net annual value—
(a) for 2005-2006, 15 per cent.;
(b) for 2006-2007, 25 per cent.;
(c) for 2007-2008, 30 per cent.;
(d) for 2008-2009, 30 per cent.;
(e) for 2009-2010, 30 per cent.;
(f) for 2010-2011, 30 per cent..
(4) In sub-paragraph (3) “2005-2006” means the year ending on 31st March 2006 and similar expressions shall be construed accordingly.
(5) The Department may by order subject to affirmative resolution direct that for any percentage specified in sub-paragraph (3) there shall be substituted such other percentage as may be specified in the order.

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Source: https://www.legislation.gov.uk/nisi/1977/2157/schedule/7/paragraph/4 (the official version)
Page: https://openlegislation.uk/rates-northern-ireland-order-1977/schedule-7/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.