The Rates (Regional Rates) Order (Northern Ireland) 2015
This Order fixes the amount of the regional rate for the year ending 31st March 2016. It fixes 31.86 pence in the pound as the amount of the regional rate to be levied on the rateable net annual values of hereditaments (“non-domestic regional rate”) and 0.4042 pence in the pound as the amount of the regional rate to be levied on the rateable capital values of hereditaments (“domestic regional rate”). This applies an increase of 1.4 per cent. after the effects of the non-domestic revaluation exercise are taken into account. The non-domestic revaluation will come into operation on 1st April 2015.