This Order fixes the amounts of the regional rates for the year ending 31st March 2012. It fixes 31.46 pence in the pound as the amount of the regional rate to be levied on the rateable net annual values of hereditaments and 0.3698 pence in the pound as the amount of the regional rate to be levied on the rateable capital values of hereditaments. The non domestic regional rate and domestic regional rate are both increased by 2.5 per cent.
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