Image from Google Jackets

UBR regulation changes roundly criticised

Language: English Series: Estates Gazette ; (9428) 16 July 1994, 36 | Yorkshire Post ; 28 JULY 1994, 10(2)Publication details: 1994Subject(s): Summary: Criticises the government decision to remove the Uniform Business Rate Transition Regulations loophole known as the `N/J` rule, whereby properties subject to phased increases in their rates bill to meet increases in the April 1990 valuation list, and which succeeded in negotiating a reduction in rateable value, had the liability under transition reduced in proportion to the reduction in value.

Criticises the government decision to remove the Uniform Business Rate Transition Regulations loophole known as the `N/J` rule, whereby properties subject to phased increases in their rates bill to meet increases in the April 1990 valuation list, and which succeeded in negotiating a reduction in rateable value, had the liability under transition reduced in proportion to the reduction in value.