Paragraph 1 Interpretation

In this Schedule—

• “final return” means the return required by paragraph 7(1) of Schedule 2 to the Transfers Regulations;

• “provisional return” means the return required by paragraph 2(1) of Schedule 2 to the Transfers Regulations;

• “the first financial year” means the first financial year for which a levying authority imposes a BRS;

• “the provisional return amount” means the amount to be shown in the provisional return, as calculated in accordance with paragraph 2(2) of Schedule 2 to the Transfers Regulations; and

• “the second financial year” means the financial year—

  1. (a)

     which immediately follows the first financial year for which a levying authority imposes a BRS; and

  2. (b)

     for which a levying authority imposes a BRS.