The British Waterways Board (Rateable Values) Order 1989

• Citation: S.I. 1989/2472
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the British Waterways Board (Rateable Values) Order 1989 and shall come into force on the day after the day on which it is made.

Section 2 Interpretation

In this Order—

“ the Act ” means the Local Government Finance Act 1988;

“canal hereditaments” means non-domestic hereditaments occupied (or, if unoccupied, owned) by the British Waterways Board and required by virtue of Part 1 of the Schedule to the Central Rating Lists Regulations 1989 to be shown in a central non-domestic rating list; and “English canal hereditaments” means all such hereditaments so required to be shown in the central rating list for England; and “Welsh canal hereditaments” means all such hereditaments so required to be shown in the central rating list for Wales;

“commercial waterway” and “cruising waterway” on any day mean any inland waterway (whether natural or artificial) which is on that day occupied by the Board and classified in accordance with section 104 of the Transport Act 1968 as commercial waterway or, as the case may be, cruising waterway;

“year” means a chargeable financial year, and

any reference to the length of a waterway is to that length estimated to the nearest kilometre.

Section 3 Rateable value

(1) In the case of canal hereditaments, paragraphs 2 to 2B of Schedule 6 to the Act shall not apply, and the rateable value of those hereditaments shall be as specified in, or determined under the rules in, this article.

(2) For the year beginning on 1st April 1990, the rateable value of English canal hereditaments shall be £295,000, and the rateable value of Welsh canal hereditaments shall be £16,000.

(3) For any subsequent year (“the relevant year”), the rateable value of each of those classes of hereditament shall be the amount produced by calculation in accordance with the formula—

RV + 168 (y − Y) + 115 (n − N)

where—

RV is the rateable value for that class of hereditaments specified in paragraph (2);

y is the length of relevant commercial waterway on 31st March immediately preceding the relevant year;

Y is the length of relevant commercial waterway on 31st March 1990;

n is the length of relevant cruising waterway on 31st March immediately preceding the relevant year; and

N is the length of relevant cruising waterway on 31st March 1990,

and “relevant commercial waterway” and “relevant cruising waterway” in relation to English canal hereditaments means such waterway situated in England, and in relation to Welsh canal hereditaments means such waterway situated in Wales.

(4) Where (apart from this paragraph) the rateable value determined for any financial year under paragraph (1) would include a fraction of a pound—

(a) the fraction shall be made up to a pound if it would exceed 50p, and

(b) the fraction shall be ignored if it would be 50p or less.