Citation and commencement
1. This Order may be cited as the Rates (Regional Rates) Order (Northern Ireland) 2014 and shall come into operation on the day after the day on which it is affirmed by resolution of the Assembly.
Application
2. This Order shall apply in respect of the year ending on 31st March 2015.
Regional rates
3.—(1) The regional rate to be levied on the rateable net annual values of hereditaments shall be 33.91 pence in the pound.
(2) The regional rate to be levied on the rateable capital values of hereditaments shall be 0.3986 pence in the pound.
Additional regional rate in respect of large retail hereditaments
4.—(1) The additional regional rate to be levied on the rateable net annual value of every large retail hereditament shall be 8.98 pence in the pound.
(2) In paragraph (1), “large retail hereditament” has the same meaning as in Article 7A(3) of the Rates (Northern Ireland) Order 1977.
Sealed with the Official Seal of the Department of Finance and Personnel on 5th February 2014
(L.S.)
Brian McClure
A senior officer of the Department of Finance and Personnel