Article 2 Amendment of principal Order

in the definition of “an Authority”, for paragraphs (a) to (c) there shall be substituted the following:—

• “a person carrying on such an undertaking in respect of which the relevant income—

  1. (a)

     in any accounting period of twelve months ending no earlier than 31st December 1992 and no later than 31st March 1993; or

  2. (b)

     if there was no such accounting period, in the twelve months ending on 31st March 1993,

  was less than £1,000,000;”;

in the definition of “adjusted income”, for “1987” in both places where it occurs there shall be substituted “1992”;

the definition of “the local assessor” shall cease to have effect;

in the definition of “rating area”, for the words after the word “means” there shall be substituted the following:—

“(a)

as regards the financial year 1995-96, the area of an islands or district council;

(b)

as regards any subsequent financial year, the area of a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994^f1;”;

in the definition of “undertaking”, the words “, by an Authority” shall cease to have effect; and

the definition of “valuation area” and the word “and” immediately preceding it shall cease to have effect.