Regulation 2 InterpretationI1

In these Regulations—

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

• “authority” means a relevant authority other than a local policing body;

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

• “baseline funding level” means the amount calculated with respect to an authority in accordance with regulation 5;

• F1“business rates baseline” means—

  1. (a)

     for the year commencing on 1st April 2013, the amount specified with respect to an authority by regulation 5 and Schedule 2; F2...

  2. (b)

     for the year commencing on 1st April 2017, the amount specified with respect to an authority by regulation 5 and Schedule 4; F3F4...

  3. (c)

     for the year commencing on 1st April 2019, the amount specified with respect to an authority by regulation 5 and Schedule 5; F5F6...

  4. (d)

     for F7the year commencing on 1st April 2021 or 2022, the amount specified with respect to an authority by regulation 5 and Schedule 6;

  5. (e)

     F8for the year commencing on 1st April 2023, the amount specified with respect to an authority by regulation 5 and Schedule 7;

• “certified non-domestic rating income” has the same meaning as in the Non-Domestic Rating (Rates Retention) Regulations 2013^f1;

• “individual levy rate” means the figure determined in accordance with regulation 6 for an authority;

• F9“non-domestic rating multiplier” in relation to a year means the non-domestic rating multiplier for the year calculated by the Secretary of State under Schedule 7 to the 1988 Act;

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

• “relevant year” F10, except in Schedule 1A where it is subject to the definition contained in that Schedule, means the financial year for which a calculation of a levy or safety net payment is being made;

• “retained rates income” has the meaning given in regulation 4;

• “safety net threshold” has the meaning given in regulation 6(3);

• “small business hereditament” means a hereditament for which on 1st April 2023 a rateable value of less than £51,000 is shown on a local non-domestic rating list;

• “small business non-domestic rating multiplier” in relation to a year means the small business non-domestic rating multiplier for the year F11calculated by the Secretary of State under Schedule 7 to the 1988 Act^f2.

• “standard hereditament” means a hereditament for which on 1st April 2023 a rateable value greater than £50,999 is shown on a local non-domestic rating list;

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^f3, 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.