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The Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2024

Type Ni-Statutory-Rule

Publication 2024-01-03

State In force

Jurisdiction Northern Ireland

Department Government Printer for Northern Ireland

Source legislation.gov.uk

articles Not indexed

Reform history JSON API PDF

Made: 3rd January 2024

Coming into operation-: 31st January 2024

The Department of Finance[^f00001] makes the following Regulations in exercise of the powers conferred by Article 31C of the Rates (Northern Ireland) Order 1977[^f00002].

Citation and commencement

1

These Regulations may be cited as the Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2024 and shall come into operation on 31st January 2024.

Definition of “qualifying year”

2

In the definition of “qualifying year” in regulation 2 of the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010[^f00003] for the words “1st April 2024” there shall be substituted the words “1st April 2025”.

Signed

Sealed with the Official Seal of the Department of Finance on 3rd January 2024

Sharon Magee — A senior officer of the Department of Finance

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

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 2025.

Footnotes

[^f00001]: The reference to the Department of Finance was amended to the Department of Finance and Personnel by Article 39 of, and Schedule 2 to the Rates (Amendment) (Northern Ireland) Order 2006 (2006 No.2954 (N.I.18)). The Department of Finance and Personnel was renamed the Department of Finance by section 1(4) of, and Schedule 1 to, the Departments Act (Northern Ireland) 2016 (c.5 (N.I.)

[^f00002]: S.I. 1977/2157 (N.I. 28); Article 31C was substituted by section 1 of the Rates (Amendment) Act (Northern Ireland) 2009 (c. 8 (N.I.)) and amended by section 7 of the Financial Provisions Act (Northern Ireland) 2014 (c.6(N.I.))

[^f00003]: S.R. 2010 No.4 as amended by S.R.2012 No.106, S.R.2013 No.46, S.R.2014 No.68, S.R.2015 No 123, S.R.2016 No. 26, S.R.2017 No. 72, S.R.2018 No.61, S.R.2019 No. 44, S.R. 2020 No. 91, S.R. 2021 No. 111, S.R. 2022 No. 51 and S.R. 2022 No. 295

Editorial notes

[^key-dea65aed05fe250f9f1f9755507b938a]: Reg. 1 in operation at 31.1.2024, see reg. 1

[^key-bfc2eae5862131a43661f926d096662a]: Reg. 2 in operation at 31.1.2024, see reg. 1

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