Regulation 2 Interpretation

In these Regulations—

• “the 1988 Act” means the Local Government Finance Act 1988;

• “authority” means a billing authority or a major precepting authority;

• “billing authority” means a billing authority in England;

• “certified non-domestic rating income” has the meaning given by regulation 9(4);

• “non-domestic rating income” has the meaning given by regulation 3(3);

• “preceding year” means the year immediately preceding the relevant year;

• “relevant precepting authority” in relation to a billing authority means a major precepting authority other than a police and crime commissioner, having a power to issue a precept to that billing authority;

• “relevant year” means the year for which a calculation of non-domestic rating income or of a payment is being made;

• “schedule of instalments” has the meaning given by regulation 15;

• “small business non-domestic rating multiplier” in relation to a year means the small business non-domestic rating multiplier for the year determined under Part 1 of Schedule 7 to the 1988 Act^f1.

In these Regulations any reference to a billing authority’s general fund shall be construed in relation to the Common Council of the City of London as a reference to the City fund^f2.

In these Regulations any reference to a billing authority’s collection fund income and expenditure account is a reference to a revenue account to which, in accordance with proper practices, are credited or charged, as the case may be, amounts in respect of the authority’s income and expenditure relating to sums paid or to be paid into or payments met or to be met from the authority’s collection fund.