- Draft legislation
This is a draft item of legislation and has not yet been made as a UK Statutory Instrument.
Draft Order laid before Parliament under section 143(8) of the Local Government Finance Act 1988, for approval by resolution of each House of Parliament.
Draft Statutory Instruments
RATING AND VALUATION
Coming into force
1st April 1999
The Secretary of State for the Environment, Transport and the Regions as respects England, and the Secretary of State for Wales as respects Wales, in exercise of the powers conferred on them by sections 140(4) and 143(1) and (2) of, and paragraph 3(2) of Schedule 6 to, the Local Government Finance Act 1988(1), and of all other powers enabling them in that behalf, hereby make the following Order, a draft of which has been laid before, and approved by resolution of, each House of Parliament:
1. This Order may be cited as the Railways (Rateable Values) (Amendment) Order 1999, and shall come into force on 1st April 1999.
2. The Railways (Rateable Values) Order 1994(2) is amended as provided below.
3.—(1) Article 5 is amended as follows.
(2) There are omitted from paragraph (1) the words–
(a)from “either”, where it first occurs, to “Welsh railway hereditament and”, and
(b)from “as follows” to “London underground hereditaments” in sub-paragraph (e).
(3) For paragraph (2) there is substituted–
“(2) In each subsequent year, the rateable value of the London Underground hereditaments shall be the amount produced in respect of that year by applying the standard formula in relation to those hereditaments.”
(4) At the end there is added–
“(3) In the case of either English railway hereditament and either Welsh railway hereditament, paragraphs 2 to 2B of Schedule 6 to the Act shall not apply in any year beginning on or after 1st April 1999, and in any such year the rateable values of each such hereditament shall be the amount specified in relation to each ratepayer and each such hereditament in the following table–
|Ratepayer||English railway hereditament||Welsh railway hereditament|
|British Railways Board||£95,100||£21,123|
4.—(1) Article 2(1) (interpretation) is amended as follows–
(a)the definition of “recalculation factor” is omitted;
(b)for the definition of “the standard formula” there is substituted–
““the standard formula” means the formula T + U, where–
T is the rateable value specified in article 5(1), and
U is the recalculation factor determined under article 8 in respect of the relevant year.”
(2) In article 6 (recalculation factor: interpretation)–
(a)in paragraph (1)–
(i)for “articles 7 and 8” there is substituted “article 8”,
(ii)sub-paragraph (a) is omitted;
(iii)in sub-paragraph (b), for “the relevant designated person” there is substituted “London Underground Limited”;
(b)paragraph (2) is omitted;
(c)in paragraph (3), for “a designated person” there is substituted “London Underground Limited”, and the words “in relation to that person” are omitted.
(3) Article 7 (recalculation factor for Railtrack PLC and the British Railways Board) is omitted.
Signed by authority of the Secretary of State for the Environment, Transport and the Regions
Minister of State,
Department of the Environment, Transport and the Regions
Signed by authority of the Secretary of State for Wales
Parliamentary Under Secretary of State, Welsh Office
(This note is not part of the Order)
Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the Secretary of State may by order provide in the case of non-domestic hereditament to be shown in central rating lists for England and Wales that the normal rules of valuation for rating contained in paragraphs 2 to 2B of that Schedule shall not apply, and instead their rateable values shall be such as are specified in the order or determined in accordance with prescribed rules.
Article 3 sets out amendments to the Railways (Rateable Values) Order 1994 which prescribe new rateable values, with effect from 1st April 1999, for the British Railways Board and Railtrack PLC in relation to the centrally-listed hereditaments in England and Wales. The annual recalculation factor ceases to apply in relation to these hereditaments. Article 4 makes consequential amendments.
1998 c. 41. Section 143(2) is amended by paragraph 72(2) of Schedule 5 to the Local Government and Housing Act 1989 (c. 42). Paragraph 3(2) of Schedule 6 is amended by paragraph 38(13) of Schedule 5 to that Act. See section 146(6) of the 1988 Act for the definition of “prescribed”. See also S.I. 1994/3121 for the relevant regulations under section 53(2) of the 1988 Act for the purposes of paragraph 3(2) of Schedule 6.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.