# The Rates (Regional Rates) Order (Northern Ireland) 2016, Note: Explanatory note


(This note is not part of the Order)
This Order fixes the amount of the regional rate for the year ending 31st March 2017. It fixes 32.40 pence in the pound as the amount of the regional rate to be levied on the rateable net annual values of hereditaments (“non-domestic regional rate”) and 0.4111 pence in the pound as the amount of the regional rate to be levied on the rateable capital values of hereditaments (“domestic regional rate”). The non-domestic regional rate and the domestic regional rate are both increased by 1.7 per cent.
Hereditaments which are dwelling-houses, private garages and private storage premises have a rateable capital value. Hereditaments which are used partly for the purposes of a private dwelling have a rateable capital value and a rateable net annual value. All other hereditaments have a rateable net annual value.

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Source: https://www.legislation.gov.uk/nisr/2016/16/note (the official version)
Page: https://openlegislation.uk/rates-regional-rates-order-northern-ireland-2016/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.