# Valuation (Electricity) Order (Northern Ireland) 2003, Article 9: Apportionment of net annual value

Extent: N.I.

(1) The net annual value of the hereditaments occupied by the Company and specified in Part A of the Schedule shall, for the year ending on 31st March 2008 and for each subsequent year, be apportioned among the districts of district councils in accordance with the formula—
A×[[B0.01321]+C¯[D0.01321]+E]where—
A is the net annual value of the hereditaments occupied by the Company and specified in Part A of the Schedule, determined in accordance with Article 6 or 7 for the year in question;
B is the total net annual values for the year in question in the district in respect of which the apportionment is being made;
C is the total capital values for the year in question in the district in respect of which the apportionment is being made;
D is the total net annual values in the NAV list for the year in question;
E is the total capital values in the capital value list for the year in question.
(2) For the purposes of paragraph (1) the totals of net annual values there mentioned shall, for any year, be taken to be those totals as ascertained from the NAV list in force or coming into force on 1st April with which that year commences, as in force on that day, but excluding the amounts shown in that list as the net annual values of hereditaments occupied by public supply undertakings or holders of licences or exemptions and (to the extent that they are distinguished in that list as wholly or partially exempt from rates) the amounts shown in that list as the net annual values of hereditaments wholly or partially exempt from rates.
(3) The net annual value of the hereditament occupied by the Company and specified in Part B of the Schedule shall, for the year ending on 31st March 2004 and for each subsequent year, be ascribed to the district of Larne district council.

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Source: https://www.legislation.gov.uk/nisr/2003/77/article/9 (the official version)
Page: https://openlegislation.uk/valuation-electricity-order-northern-ireland-2003/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.