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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Business Rate Supplements (Rateable Value Condition) (England) Regulations 2009 No. 2542
URL: http://www.bailii.org/uk/legis/num_reg/2009/uksi_20092542_en_1.html
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The Business Rate Supplements (Rateable Value Condition) (England) Regulations 2009
Made
18th September 2009
Laid before Parliament
23rd September 2009
Coming into force
15th October 2009
The Secretary of State, in exercise of the powers conferred by section 12(1) of the Business Rate Supplements Act 2009(1), makes the following Regulations:
Citation, application and commencement
1. These Regulations, which apply to England only, may be cited as the Business Rate Supplements (Rateable Value Condition) (England) Regulations 2009 and shall come into force on 15th October 2009.
Rateable Value Condition
2. The amount prescribed for the purposes of section 12(1) of the Business Rate Supplements Act 2009 is £50,000.
Signed by authority of the Secretary of State for Communities and Local Government
Shahid Malik
Parliamentary Under Secretary of State
Department for Communities and Local Government
18th September 2009
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.