The British Waterways Board (Rateable Values) Order 1989

Explanatory Note

(This note is not part of the Order)

Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the Secretary of State may by order provide in the case of non-domestic hereditaments to be shown in the central rating lists for England and Wales that the normal rules of valuation for rating contained in paragraphs 2 to 2B of that Schedule shall not apply, and instead their rateable value shall be such as is specified, or determined in accordance with rules set out, in the order.

Canal hereditaments occupied (or if unoccupied owned) by the British Waterways Board are required to be shown in the central rating lists by virtue of the Central Rating Lists Regulations 1989 (S.I. 1989/2263). In this Order, for the financial year beginning 1st April 1990, £295,000 is specified as the rateable value for canal hereditaments to be shown in the central rating list for England, and £16,000 as the rateable value for such hereditaments to be shown in the central rating list for Wales. In subsequent years this amount is to be adjusted by reference to a formula which takes account of changes in the lengths of commercial waterway and cruising waterway.