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Local Government Finance (Wales) Act 2024
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- Acts of Senedd Cymru
- 2024 asc 6
- PART 2
- Changes to valuation bands
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Prospective
Changes to valuation bandsE+W
17Calculation of tax for different valuation bandsE+W
In section 5 of the 1992 Act—
(a)in subsection (4)—
(i)after “the Secretary of State” insert “, in relation to England,”;
(ii)in paragraph (b), omit “or (3)”;
(b)in subsection (4A), omit “or (3)”;
(c)after subsection (4A), insert—
“(4B)The Welsh Ministers, in relation to Wales, may by order, as regards financial years beginning on or after such date as is specified in the order—
(a)amend subsection (1A), so as to substitute another proportion for that which is for the time being effective for the purposes of subsection (1) above;
(b)substitute other valuation bands for those which are for the time being effective for the purposes of subsection (3) above;
(c)substitute another valuation band for that referred to in the meaning given to “D” in the formula in section 36(1);
(d)substitute another valuation band for that referred to in the meaning given to “D” in the formula in section 47(1).
(4C)The power under subsection (4B)(b) above includes power to make provision for a different number of valuation bands from those which are for the time being effective for the purposes of subsection (3) above.”;
(d)after subsection (5), insert—
“(5A)No order under subsection (4B) may be made unless a draft of the order has been laid before, and approved by a resolution of, Senedd Cymru.”
Commencement Information
I1S. 17 in force at 16.11.2024, see s. 23(2)(h)
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