Article 2 Interpretation

In this Order—

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

• “Central Lists Regulations” means the Central Rating Lists Regulations 1994^f1;

• “class of hereditaments” means those hereditaments falling to be shown in the central rating list for England or the central rating list for Wales, as the case may be, by virtue of regulation 6(1) of and Part 6 of the Schedule to the Central Lists Regulations and occupied by the designated person as respects those hereditaments;

• “designated person” means a person designated by regulation 5(1) of and named in Part 6 of the Schedule to the Central Lists Regulations; and in relation to a class of hereditaments “relevant designated person” means the designated person in occupation of that class;

• “recalculation factor” in relation to a class of hereditaments means the factor determined in relation to that class in accordance with article 7;

• “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—

  1. (a)

     T is the amount specified in relation to a class of hereditaments in the Schedule; and

  2. (b)

     U is the recalculation factor applicable to that class in respect of the relevant year; and

• “year” means a chargeable financial year.

Any reference in this Order to hereditaments occupied by a person includes a reference, in the case of unoccupied hereditaments, to hereditaments owned by that person, references to occupation being construed accordingly.

Any reference in this Order or in the Schedule to a designated person by name is to the company bearing that name at the date that name is entered in the central rating list for England or the central rating list for Wales, as the case may be.