Explanatory note

These Regulations revoke with effect from 1st April 1995 the Valuation for Rating (Plant and Machinery) Regulations 1989 and replace them with provisions reflecting the recommendations contained in the Report of the Expert Advisory Committee chaired by Mr Derek Wood QC (Cm 2170). The Committee reviewed the rating of plant and machinery with a view to updating and harmonising it throughout the United Kingdom. The Regulations specify the plant and machinery which is to be assumed from 1st April 1995 to be part of a hereditament for the purposes of valuation for non-domestic rating.

These Regulations apply irrespective of the method of valuation adopted.