OpenLegislation

Article 7 Interpretation

Original text. Later amendments are not shown.

In this Part—

(a)

in any formula—

  • B is the figure applicable in relation to the relevant year for the purposes of paragraph 5(3) of Schedule 7 to the Act;

  • C is the figure applicable in relation to the relevant year for the purposes of paragraph 5(4) of Schedule 7 to the Act;

  • I is the figure for the retail prices index for September in the relevant preceding year;

  • R is the recalculation factor applicable to Welsh telecommunications hereditaments under Part V in respect of the relevant preceding year;

  • RV is the rateable value of Welsh telecommunications hereditaments in the relevant preceding year;

  • U is the recalculation factor determined in relation to Welsh telecommunications hereditaments under Part V; and

    1. (b)

      “intermediate year” means any year beginning on or after 1st April 1991 and ending no later than the end of the year in which the rateable value of Welsh telecommunications hereditaments first falls by virtue of article 9 or 10 to be determined in accordance with the standard formula; and

    any reference to Welsh telecommunications hereditaments is to such hereditaments occupied by British Telecom.