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The Rates (Regional Rates) Order (Northern Ireland) 2024

S.R. 2024/28 · Made 29 February 2024 · Extends to Northern Ireland

Up to date with all changes known to legislation.gov.uk, revised to 13 March 2024.

Rates

Made 29th February 2024

Affirmed by resolution of the Assembly on 12th March 2024

Coming into operation in accordance with Article 1

The Department of Financef1 makes the following Order in exercise of the powers conferred by Article 7(1) and (3) of the Rates (Northern Ireland) Order 1977f2.

In accordance with Article 7(4)f3 of that Order it has taken into consideration estimates of the amounts to be raised by district rates.

Annotations to the whole text

Footnotes

f1

The Department of Finance and Personnel was renamed the Department of Finance by section 1(4) of, and Schedule 1 to, the Departments Act (Northern Ireland) 2016 (c.5 (N.I.))

f2

S.I. 1977/2157 (N.I. 28)

f3

Article 7(4) was amended by Article 10 of, and paragraph 1 of Schedule 2, to the Rates (Amendment) (Northern Ireland) Order 1998 (S.I. 1998/3164 (N.I. 22))

Contents

  1. 1Citation and commencement
  2. 2Application
  3. 3Regional Rates
  4. Signature
  5. Explanatory note

1Citation and commencementI1

This Order may be cited as the Rates (Regional Rates) Order (Northern Ireland) 2024 and shall come into operation on the day after the day on which it is affirmed by resolution of the Assembly.

2ApplicationI1

This Order shall apply in respect of the year ending 31st March 2025.

3Regional RatesI1

(1)

The regional rate to be levied on the rateable net annual values of hereditaments shall be 29.02 pence in the pound.

(2)

The regional rate to be levied on the rateable capital values of hereditaments shall be 0.5042 pence in the pound.

Signature

Sealed with the Official Seal of the Department of Finance on 29th February 2024

(L.S.)

Andrew McAvoy

A senior officer of the Department of Finance

Explanatory note

(This note is not part of the Order)

This Order fixes the amount of the regional rates for the year ending 31st March 2025. It fixes 29.02 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 0.5042 pence in the pound as the amount of the regional rate to be levied on the rateable capital values of hereditaments (“domestic regional rate”).

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.