delete The Non-Domestic Rating (Miscellaneous Provisions) (Amendment) (England) Regulations 2004
These Regulations amend the Non-Domestic Rating (Miscellaneous Provisions) (No. 2) Regulations 1989 concerning the contractor's basis of valuation for determining rateable values of hereditaments in England. They insert provisions specifying that for non-domestic rating lists compiled on or after 1 April 2005, the 'appropriate rate' shall be assumed to be 3.33% for defence, educational or healthcare hereditaments, and 5% in all other cases, when applying the contractor's basis of valuation.
These regulations impose arbitrary percentage rate assumptions that distort commercial property taxation. The preferential 3.33% rate for defence, educational and healthcare sectors represents government picking winners, penalising other sectors with a higher 5% rate. Such rigid percentage mandates were typical of EU-era technocratic rule-making, imposing costs on businesses without democratic scrutiny. Post-Brexit regulatory independence should eliminate these inherited EU-style prescriptive valuation formulas in favour of market-determined approaches.