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3.—(1) The principal Regulations shall be amended in accordance with the following paragraphs.
(2) In paragraph 5(b) of Part I of Schedule 2, for the words from “paragraph 9” to the words “Regulations 1990”, there shall be substituted—
“regulation 10 or 12 of, or Schedule 2 to, the Non-Domestic Rating (Chargeable Amounts) Regulations 1994(1)”.
(3) In the Explanatory Notes in paragraph 6 of Part I of Schedule 2 and paragraph 3 of Part II of Schedule 2, respectively, for the first sentence of the first paragraph headed “Rateable Value” there shall be substituted in each case the following:—
“The rateable value of non-domestic property is fixed in most cases by an independent valuation officer of the Valuation Office Agency. All non-domestic property is revalued every five years. From 1st April 1995, the rateable value of a property represents its annual open market rental value as at 1st April 1993.”.
(4) In the Explanatory Notes in paragraph 6 of Part I of Schedule 2 and paragraph 3 of Part II of Schedule 2, respectively, for the paragraph which follows the heading “Transitional Arrangements” there shall be substituted in each case the following:—
“Transitional arrangements will phase in the effect of significant changes in liability which arise from the 1995 revaluation of non-domestic property. Where appropriate, these arrangements will operate until March 2000 (when all non-domestic property will be revalued again). There are limits on the percentage by which bills may increase or decrease each year. Special rules deal with changes in rateable values and the merger or splitting of existing properties. Further information about transitional arrangements may be obtained from name of billing authority.”.
(5) In the Explanatory Notes in paragraph 6 of Part I of Schedule 2, in the paragraph which follows the heading “National Non-Domestic Rating Multiplier, ” for the words “and cannot” there shall be substituted the words “and except in a revaluation year cannot”.
(6) After paragraph 4(b)(iii) of Part I of Schedule 3, insert the following—
“and
(iv)police grant under section 31 of the Police Act 1964(2).”.
S.I. 1994/3279.
Section 31 was substituted by section 17 of the Police and Magistrates' Courts Act 1994.
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