1 Overview of Part 1

Part 1 Non-Domestic Rating

Introduction

1  Overview of Part 1

(1)     This Part amends the Local Government Finance Act 1988 (c 41) (“the 1988 Act”), in relation to Wales, as follows.

(2)     Part 3 of the 1988 Act makes provision about non-domestic rating. Sections 2 and 3 insert new sections 41ZA and 52ZA into the 1988 Act, restating provision about the compilation of local and central non-domestic rating lists for Wales. The lists contain details of hereditaments and their rateable values. Sections 2 and 3 shorten the interval between revaluation years from 5 to 3 years. Section 4 inserts a power into the 1988 Act for the Welsh Ministers to alter that interval or the date of a future revaluation year by regulations.

(3)     Schedules 4ZA, 4ZB and 5A to the 1988 Act set out reliefs from non-domestic rating for certain descriptions of hereditaments. Section 5 inserts provision into each of these Schedules for the Welsh Ministers to amend or withdraw existing reliefs and to confer new reliefs by regulations.

(4)     Paragraph 2 of Schedule 4ZB

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