Section 1: Regional Rates
This section sets the levels of the regional domestic and regional non-domestic rates that are to be used in the assessment of rates and the billing of ratepayers in Northern Ireland for the year ending 31 March 2020. Section 1(2) sets the domestic regional rates, expressed in terms of ‘pence per pound of rateable value’, at 0.4574 pence and Section 1(3) sets the non-domestic regional rate at 34.01 pence.
	Section 1(4) and (5) clarify that the Department of Finance may, once Ministerial offices have been filled, vary the rates set by this Act, using the established procedure of an order under the Rates (Northern Ireland) Order 1977 and that it may set the rates for the whole of the year in which an order is made.