# The Railways (Rateable Values) Order 1994, Article 2: Interpretation


In this Order—
“the Act” means the Local Government Finance Act 1988;
“English railway hereditament” means a hereditament described in regulation 3(2) or (3) of the Non-Domestic Rating (Railways, Telecommunications and Canals) Regulations 1994 and required by virtue of regulation 6(1) of and Part 4 of the Schedule to the Central Rating Lists Regulations 1994 to be shown in the central rating list for England;
“London Underground hereditaments” means the hereditaments occupied (or, if unoccupied, owned) by London Underground Limited and required by virtue of regulation 6(1) of and Part 4 of the Schedule to the Central Rating Lists Regulations 1994 to be shown in the central rating list for England;
“recalculation factor” means in relation to an English railway hereditament, a Welsh railway hereditament and the London Underground hereditaments the factor determined in relation to that hereditament or those hereditaments in accordance with article 7 or 8, as the case may be;
“relevant year” means any year for which a rateable value falls to be determined in accordance with this Order, and “relevant preceding year” means the year preceding a relevant year;
“the standard formula” means the formula
T+U where—
a T is the rateable value specified in regulation 5 for the year beginning on 1st April 1995 in respect of an English railway hereditament, a Welsh railway hereditament or the London Underground hereditaments, as the case may be; and
b U is the recalculation factor applicable to that hereditament or those hereditaments in respect of the relevant year;
“Welsh railway hereditament” means a hereditament described in regulation 3(2) or (3) of the Non-Domestic Rating (Railways, Telecommunications and Canals) Regulations 1994 and required by virtue of regulation 6(2) of and Part 4 of the Schedule to the Central Rating Lists Regulations 1994 to be shown in the central rating list for Wales; and
“year” means a chargeable financial year.

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Source: https://www.legislation.gov.uk/uksi/1994/3284/article/2 (the official version)
Page: https://openlegislation.uk/railways-rateable-values-order-1994/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.