2022 No. 295

Rates

The Rates (Small Business Hereditament Relief) (Amendment) (No. 2) Regulations (Northern Ireland) 2022

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 commencementI11

These Regulations may be cited as the Rates (Small Business Hereditament Relief) (Amendment) (No. 2) Regulations (Northern Ireland) 2022 and shall come into operation on 8th December 2022.

Annotations:
Commencement Information
I1

Reg. 1 in operation at 8.12.2022, see reg. 1

Definition of “qualifying year”I22

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 2023” there shall be substituted the words “1st April 2024”.

Annotations:
Commencement Information
I2

Reg. 2 in operation at 8.12.2022, see reg. 1

Sealed with the Official Seal of the Department of Finance on 8th November 2022

seal_r00001Sharon MageeA 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 2024.