Docks and Harbours (Rateable Values) Order 1989
| Jurisdiction | UK Non-devolved |
| Citation | SI 1989/2473 |
| Year | 1989 |
1989No. 2473
RATING AND VALUATION
The Docks and Harbours (Rateable Values) Order 1989
Approved by both Houses of Parliament
22ndDecember1989
23rdDecember1989
The Secretary of State for the Environment as respects England and the Secretary of State for Wales as respects Wales, in exercise of the powers conferred on them by sections 140(4), 143(1) and 146(6) of and paragraph 3(1), (3) and (4) of Schedule 6 to the Local Government Finance Act 1988( a) and of all other powers enabling them in that behalf, hereby make the following Order in the terms of a draft laid before, and approved by resolution of, each House of Parliament:--
Citation and commencement
1. This Order may be cited as the Docks and Harbours (Rateable Values) Order 1989 and shall come into force on the day after the day on which it is made.
Interpretation
2. In this Order--
"accounting period" in relation to an undertaking means the period by reference to which the accounts relating to the undertaking are compiled;
"adjusted income" in relation to any period ("the relevant period") means theamount of relevant income for that period multiplied by the product ofP/Y,
where P is the retail prices index for September 1987 and Y is the retail prices index for the September falling during the relevant period, unless the base month for the index for that September differs from the base month for the index for September 1987, in which case Y is the figure calculated for the purposes of paragraph 5(5) of Schedule 7 to the Local Government Finance Act 1988 as the figure which would have been the index for the September falling during the relevant period if the base month for the index had been the same in both cases;
"relevant income" in relation to a period means all income by way of revenue included or falling to be included in the revenue or profit and loss account of an undertaking for the period, whether derived from the operations carried on under the authority referred to in article 3(1) or otherwise, other than--
(a) income in respect of pilotage;(b) income from--(i) investments required to be shown in the accounts of the undertaking (other than investments in subsidiary companies);(ii) loans or deposits;(iii) rent or other payments receivable in consideration of the grant of permission for occupation or use of any property of the undertaking, or right over such property, which is or forms part of a hereditament which is shown on a local rating list;(c)...To continue reading
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