Regulation 2 Interpretation

In these Regulations—

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

• “billing authority” means a billing authority^f1 in England, part of whose area falls within a designated area;

• “designated area” means an area designated under regulation 3(1);

• “local list” means a local non-domestic rating list^f2;

• “non-domestic rating income”, in relation to a billing authority, means the amount calculated under Part 2 of Schedule 2 in respect of a designated area for a specified year;

• “non-domestic rating multiplier”, in relation to a chargeable financial year^f3, means the non-domestic rating multiplier for the year calculated by the Secretary of State under Schedule 7 to the 1988 Act^f4;

• “preceding year” means the chargeable financial year immediately preceding the specified year for which a calculation under Part 3 of Schedule 2 is made;

• “revaluation year” means a year in which a local list must be compiled under section 41 of the 1988 Act^f5;

• “Schedule 7B” means Schedule 7B to the 1988 Act;

• “small business non-domestic rating multiplier”, in relation to a chargeable financial year, means the small business non-domestic rating multiplier for that year calculated by the Secretary of State under Schedule 7 to the 1988 Act;

• “small business rate baseline amount”, in relation to a billing authority, means the amount calculated under paragraph 3 or 4 (as appropriate) of Schedule 2 in respect of a designated area for a specified year;

• “specified year” means, in relation to a designated area, a chargeable financial year falling within the period of years specified in relation to that area in regulation 3(2) or (3) (as the case may be);

• “standard business rate baseline amount”, in relation to a billing authority, means the amount calculated under paragraph 5 or 6 (as appropriate) of Schedule 2 in respect of a designated area for a specified year;

• “total baseline amount”, in relation to a billing authority, means the amount calculated under paragraph 7 of Schedule 2 in respect of a designated area for a specified year.