The Non-Domestic Rating (Transitional Period) (Appropriate Fraction) Order 1989

• Citation: S.I. 1989/2476
• Sections: 2

Section 1 Citation and commencement

This Order may be cited as the Non-Domestic Rating (Transitional Period) (Appropriate Fraction) Order 1989 and shall come into force on the day after the day on which it is made.

Section 2 Rules for calculation of appropriate fraction

(1) This article applies in a case where the notional chargeable amount for a hereditament for each day in the relevant year which begins in 1990 or in 1991 does not exceed the base liability for the hereditament for each day in the year.

(2) The appropriate fraction for the hereditament for each day in the year shall be found by applying the formula—

(3) If—

(a) the hereditament is situated in Greater London and the rateable value shown for it in the local non-domestic rating list for 1st April 1990 is £15,000 or more, or

(b) it is situated outside Greater London and the rateable value shown for it in the local non-domestic rating list for 1st April 1990 is £10,000 or more,

X is 89.5 as regards the relevant year beginning in 1990 and 87 as regards the relevant year beginning in 1991.

(4) If—

(a) the hereditament is situated in Greater London and the rateable value shown for it in the local non-domestic rating list for 1st April 1990 is less than £15,000, or

(b) it is situated outside Greater London and the rateable value shown for it in the local non-domestic rating list for 1st April 1990 is less than £10,000,

X is 84.5 as regards the relevant year beginning in 1990 and 82 as regards the relevant year beginning in 1991.

(5) RPI (1) is the retail prices index for September of the financial year preceding the relevant year concerned.

(6) RPI(2) is the retail prices index for September of the financial year which precedes that preceding the relevant year concerned.