# The Rating Lists (Valuation Date) (Wales) Order 2023, Note: Explanatory note


(This note is not part of the Order)
Paragraph 2(3)(b) of Schedule 6 to the Local Government Finance Act 1988 provides that when compiling a non-domestic rating list, the rateable value of a non-domestic hereditament is to be determined by reference to the day on which the list must be compiled or on a day preceding that day specified by order. This Order specifies the day by reference to which the rateable value of a non-domestic hereditament is to be determined for the purposes of the local and central non-domestic rating lists compiled after this Order comes into force.
Article 2 of this Order specifies 1 April 2024 as that day.
Article 3 revokes the Rating Lists (Valuation Date) (Wales) Order 2020 (S.I. 2020/1378 (W. 305)), which specified the day on which hereditaments were to be valued for the purposes of the lists compiled on 1 April 2023.
The Welsh Ministers’ Code of Practice on the carrying out of Regulatory Impact Assessments was considered in relation to this Order. As a result, it was not considered necessary to carry out a regulatory impact assessment as to the likely costs and benefits of complying with this Order.

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Source: https://www.legislation.gov.uk/wsi/2023/1010/note (the official version)
Page: https://openlegislation.uk/rating-lists-valuation-date-wales-order-2023/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.