Statutory Instruments with Clear Reports
28 November 2016
SL(5)037 – The Non-Domestic Rating (Chargeable Amounts) (Wales) Regulations 2016
Procedure: Affirmative
These Regulations provide for a transitional relief scheme to assist ratepayers affected by the 2017 non-domestic rating revaluation.
They prescribe rules to be used to calculate the chargeable amount for hereditaments which have a reduction in their entitlement to Small Business Rates Relief as a result of an increase in their rateable value following the revaluation. The Regulations operate by reducing eligible ratepayers’ increases in liability, allowing any increase to be phased in over a three-year period.
Parent Act: Local Government Finance Act 1988
Date Made: Not stated
Date Laid: 22 November 2016
Coming into force date: 31 December 2016