The Railways (Rateable Values) (Amendment) Order 1994

• Citation: S.I. 1994/999
• Sections: 2

Section 1

This Order may be cited as the Railways (Rateable Values) (Amendment) Order 1994 and shall come into force on 1st April 1994.

Section 2

The Railways (Rateable Values) Order 1989 shall have effect in relation to the financial year beginning on 1st April 1994 with the following amendments—

(a) article 17 shall be deleted;

(b) after Part V there shall be added the following Part—

BRITISH RAILWAYS BOARD AND RAILTRACK PLC : RATEABLE VALUES IN 1994/95.

(19)

(1) In the year beginning on 1st April 1994—

(a) the rateable values of the English railway hereditament and the Welsh railway hereditament occupied by the British Railways Board shall be £10,085,710 and £386,100, respectively; and

(b) the rateable values of the English railway hereditament and the Welsh railway hereditament occupied by Railtrack PLC shall be £191,628,497 and £7,335,900, respectively.

(2) In this Part, “English railway hereditament” means a hereditament described in regulation 2 of the Non-Domestic Rating (Railways) and Central Rating Lists (Amendment) Regulations 1994 and required by virtue of Part 4 of the Schedule to the Central Rating Lists Regulations 1989 to be shown in the central non-domestic rating list for England and “Welsh railway hereditament” means a hereditament so described and so required to be shown in the central non-domestic rating list for Wales.

(c) the amounts specified in columns 1 and 2 of the Schedule in respect of the British Railways Board shall be deleted.