Regulation 2 Interpretation

In these Regulations—

• “accounting period” means—

  1. (a)

     a period ending on the last Saturday of each month; or

  2. (b)

     where payment is deferred, such period as the Commissioners may require;

• “the Act” means the Finance Act 1993;

• “the 1979 Act” means the Customs and Excise Management Act 1979^f1;

• “applicant” means any person who makes an application to be registered under section 29 of the Act;

• “business day” means a day which is a business day within the meaning of section 92 of the Bills of Exchange Act 1882^f2;

• “chargeable lottery” means a lottery in respect of which lottery duty is chargeable (or, on the taking of a ticket or chance, will be chargeable) in accordance with section 24 of the Act;

• “the National Lottery” has the meaning given by section 1 of the National Lottery etc.Act 1993^f3;

• “registered promoter” means a person registered under section 29 of the Act.