These Regulations revoke the Valuation for Rating (Wales) (Coronavirus) Regulations 2021 (“the 2021 Regulations”). The 2021 Regulations specify the assumptions that are to be made when applying the provisions of sub-paragraphs (1) to (7) of paragraph 2 of Schedule 6 to the Local Government Finance Act 1988. The subject matter of the 2021 Regulations will instead be provided for by the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021.

The Welsh Ministers’ Code of Practice on the carrying out of Regulatory Impact Assessments was considered in relation to these Regulations. As a result, it was not considered necessary to carry out a regulatory impact assessment as to the likely costs and benefits of complying with these Regulations.