Regulation 1 Citation, commencement and interpretationI1

These Regulations may be cited as the Rates Regulations (Northern Ireland) 2007 and shall come into operation on the 27th February 2007.

In these Regulations—

• “the 1977 Order” means the Rates (Northern Ireland) Order 1977;

• “capital value list” has the same meaning as in Article 2(2)^f1 of the 1977 Order;

• “capital value rate” means a rate levied on a hereditament or part of a hereditament within the capital value list;

• “NAV list” has the same meaning as in Article 2(2)^f2 of the 1977 Order;

• “NAV rate” means a rate levied on a hereditament or part of a hereditament within the NAV list.