Statutory Rules of Northern Ireland

2015 No. 123

Rates

The Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2015

Made

5th March 2015

Coming into operation

1st April 2015

The Department of Finance and Personnel makes the following Regulations in exercise of the powers conferred by Article 31C of the Rates (Northern Ireland) Order 1977(1).

Citation and commencement

1.  These Regulations may be cited as the Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2015 and shall come into operation on 1st April 2015.

Definition of “qualifying year”

2.  In the definition of “qualifying year” in regulation 2 of the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010(2) for the words “1st April 2015” there shall be substituted the words “1st April 2016”.

Sealed with the Official Seal of the Department of Finance and Personnel on 5th March 2015

Legal seal

Brian McClure

A senior officer of the Department of Finance and Personnel

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the definition of “qualifying year” in the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010 to provide for an extension of the small business rate relief scheme until 31st March 2016.

(1)

S.I. 1977/2157 (N.I. 28); Article 31C was substituted by section 1 of the Rates (Amendment) Act (Northern Ireland) 2009 (c. 8 (N.I.))