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2.—(1) This regulation applies in respect of the year ending 31st March 2024.
(2) The regional rate to be levied on the rateable net annual values of hereditaments is to be 27.90 pence in the pound(1).
(3) The regional rate to be levied on the rateable capital values of hereditaments is to be 0.4848 pence in the pound.
Article 6(3) to (6) of the Rates (Northern Ireland) Order 1977, which makes provision for setting the regional rates, is also applied by section 11(4) of the Northern Ireland (Executive Formation etc) Act 2022 to regulations made by the Secretary of State under section 11(1) of that Act.
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