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The Railways (Rateable Values) (Amendment) Order 1999
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- 1999 No. 1003
- Explanatory Note
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Explanatory Note
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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.
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