Non-Domestic Rating & Capital Finance

March 9th, 2012

Non-Domestic Rating/Wales

Note the Non-Domestic Rating (Small Business Relief) (Wales) (Amendment) Order 2012, the Non-Domestic Rating (Deferred Payments) (Wales) Regulations 2012 and the Non-Domestic Rating (Demand Notices) (Wales) (Amendment) Regulations 2012, respectively Sis 2012/465 (W.76), 466 (W.77) and 467 (W.78).

Capital Finance

Note the Local Authorities (Capital Finance and Accounting) (England) (Amendment) (No 2) Regulations 2012, SI 2012/711, which amend the provisions in SI 2003/3146 dealing with the treatment of receipts from disposals made pursuant to Part 5 of the Housing Act 1985: the paying down of housing debt is made a permissible use of receipts, and a cap is set on those receipts that might be retained to cover part of the cost of re-purchasing former council homes.

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