2017 No. 72

Rates

The Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2017

Made

Coming into operation

The Department of Finance1 makes the following Regulations in exercise of the powers conferred by Article 31C of the Rates (Northern Ireland) Order 19772.

Citation and commencement1

These Regulations may be cited as the Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2017 and shall come into operation on 18th April 2017.

Definition of “qualifying year”2

In the definition of “qualifying year” in regulation 2 of the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 20103 for the words “1st April 2017” there shall be substituted the words “1st April 2018”.

Sealed with the Official Seal of the Department of Finance on 3rd April 2017

seal_r00001Brian McClureA senior officer of the Department of Finance
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 2018.