The estimated cost of the transitional relief scheme for the rates revaluation will be £17.9 million in 2007-08, £12.0 million in 2008-09; and £6 million in 2009-10.
The Rates Capital Values Order 2006 and the Rates Amendment Order 2006 have been fully assessed-for compliance with Human Rights legislation in line with the requirement of the Northern Ireland Act 1998. This assessment has concluded that the legislation giving rise to the revaluation is considered to be human rights compliant.
The cost .of the transitional relief scheme next year will be met from within the total resources available to the Secretary of State in 2007-08 and in the subsequent two years.