2007 No. 1
RATES

The Rates (Industrial Hereditaments) (Amendment) Order (Northern Ireland) 2007

Made
Coming into operation
To be laid before Parliament under paragraph 7(3) of the Schedule to the Northern Ireland Act 2000
The Department of Finance and Personnel1 makes the following Order in exercise of the powers conferred by Article 17(2) of, and paragraph 4(5) of Schedule 7 to, the Rates (Northern Ireland) Order 19772:

Citation and commencement1.

This Order may be cited as the Rates (Industrial Hereditaments) (Amendment) Order (Northern Ireland) 2007 and shall come into operation on 1st April 2007.

Amendment of Schedule 7 to the Rates (Northern Ireland) Order 19772.

In paragraph 4(3)(c) of Schedule 7 to the Rates (Northern Ireland) Order 1977 for “35 per cent.” there shall be substituted “30 per cent.”.

Sealed with the Official Seal of the Department of Finance and Personnel on 8th January 2007

Brian McClure
A senior officer of the Department of Finance and Personnel
EXPLANATORY NOTE
(This note is not part of the Order)

This Order provides that for the financial year beginning on 1st April 2007 the rateable net annual value of an industrial hereditament shall, where the hereditament is used wholly for industrial purposes, be 30 per cent. rather than 35 per cent. of its net annual value. This means that rates shall be chargeable on 30 per cent. rather than 35 per cent. of the hereditament’s net annual value. Where an industrial hereditament is used partly for industrial purposes, 30 per cent. rather than 35 per cent. of the net annual value apportioned by the Commissioner of Valuation for Northern Ireland or the district valuer to the occupation and use of the hereditament for industrial purposes shall be applied in computing the rateable net annual value of the hereditament for that year.