The Rates (Regional Rates) Order (Northern Ireland) 2007

Made29th January 2007

Coming into operation1st April 2007

To be laid before Parliament under paragraph 7(3) of the Schedule to the Northern Ireland Act 2000

The Department of Finance and Personnel1, in exercise of the powers conferred by Article 7(1) and (3) of the Rates (Northern Ireland) Order 19772, makes the following Order.

In accordance with Article 7(4)3 of that Order it has taken into consideration estimates of the amounts required to be raised by district rates:

Citation and commencement1.

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

Application2.

This Order shall apply in respect of the year ending on 31st March 2008.

Regional rates3.

(1)

The regional rate to be levied on the rateable net annual values of hereditaments shall be 29.10 pence in the pound.

(2)

The regional rate to be levied on the rateable capital values of hereditaments shall be 0.3608 pence in the pound.

Sealed with the Official Seal of the Department of Finance and Personnel on 29th 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 fixes the amounts of the regional rates for the year ending 31st March 2008. It fixes 29.10 pence in the pound as the amount of the regional rate to be levied on the rateable net annual values of hereditaments and 0.3608 pence in the pound as the amount of the regional rate to be levied on the rateable capital values of hereditaments.

Hereditaments which are dwelling-houses, private garages and private storage premises have a rateable capital value. Hereditaments which are used partly for the purposes of a private dwelling have a rateable capital value and a rateable net annual value. All other hereditaments have a rateable net annual value.