Valuation for Rating (Docks) Order (Northern Ireland) 1997
This Order amends the provisions for determining, by prescribed formula, the net annual values of certain dock undertakings. The main differences between this Order and Part X of Schedule 12 to the Rates (Northern Ireland) Order 1977 are:these provisions apply to dock undertakings which have relevant receipts of more than £1,000,000 instead of £2,500 as before;receipts from cargo handling other than from cranes and plant are included in an undertakings relevant receipts;excluded from relevant receipts are:all rents from parts of the undertaking which have separate valuations and are let;amounts received from the disposal of land; andgrants and subsidies received for the purpose of carrying out capital works to improve port facilities; anda new formula is substituted for the determination of the net annual value of dock undertakings.