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The Business Rate Supplements (Rateable Value Condition) (England) Regulations 2009
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- UK Statutory Instruments
- 2009 No. 2542
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EXPLANATORY NOTE
(This note is not part of the Regulations)
In England, the Business Rate Supplements Act 2009 gives county councils, district councils in areas where there is no county council, and the Greater London Authority the power to levy a supplement on the national non-domestic rate with effect from 1st April 2010. By virtue of section 12(1), this supplement will only be payable in respect of non-domestic properties which have a rateable value that exceeds a prescribed amount. These Regulations prescribe that amount as £50,000 for non-domestic properties in England.
A full impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
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