Citation, commencement and interpretation

1. This Order may be cited as the Railways (Rateable Values) (Amendment) Order 1999, and shall come into force on 1st April 1999.

Amendment of principal order

2. The Railways (Rateable Values) Order 1994(2) is amended as provided below.

Rateable values of Railtrack and the British Railway Board

3.-(1) Article 5 is amended as follows.

(2) There are omitted from paragraph (1) the words-�

(a)from "either", where it first occurs, to "Welsh railway hereditament and", and

(b)from "as follows" to "London underground hereditaments" in sub-paragraph (e).

(3) For paragraph (2) there is substituted-�

"(2) In each subsequent year, the rateable value of the London Underground hereditaments shall be the amount produced in respect of that year by applying the standard formula in relation to those hereditaments."

(4) At the end there is added-�

"(3) In the case of either English railway hereditament and either Welsh railway hereditament, paragraphs 2 to 2B of Schedule 6 to the Act shall not apply in any year beginning on or after 1st April 1999, and in any such year the rateable values of each such hereditament shall be the amount specified in relation to each ratepayer and each such hereditament in the following table-�

Consequential provision

4.-(1) Article 2(1) (interpretation) is amended as follows-�

(a)the definition of "recalculation factor" is omitted;

(b)for the definition of "the standard formula" there is substituted-�

• ""the standard formula" means the formula

  T + U,

  where-�

  a

  T is the rateable value specified in article 5(1), and

  b

  U is the recalculation factor determined under article 8 in respect of the relevant year."

(2) In article 6 (recalculation factor: interpretation)-�

(a)in paragraph (1)-�

(i)for "articles 7 and 8" there is substituted "article 8",

(ii)sub-paragraph (a) is omitted;

(iii)in sub-paragraph (b), for "the relevant designated person" there is substituted "London Underground Limited";

(b)paragraph (2) is omitted;

(c)in paragraph (3), for "a designated person" there is substituted "London Underground Limited", and the words "in relation to that person" are omitted.

(3) Article 7 (recalculation factor for Railtrack PLC and the British Railways Board) is omitted.

Explanatory Note

(This note is not part of the Order)

Under paragraph 3(2) of Schedule 6 to the Local Government Finance Act 1988, the Secretary of State may by order provide in the case of non-domestic hereditament to be shown in central rating lists for England and Wales that the normal rules of valuation for rating contained in paragraphs 2 to 2B of that Schedule shall not apply, and instead their rateable values shall be such as are specified in the order or determined in accordance with prescribed rules.

Article 3 sets out amendments to the Railways (Rateable Values) Order 1994 which prescribe new rateable values, with effect from 1st April 1999, for the British Railways Board and Railtrack PLC in relation to the centrally-listed hereditaments in England and Wales. The annual recalculation factor ceases to apply in relation to these hereditaments. Article 4 makes consequential amendments.