Interpretation
2.—(1) In this Order—
“the Act” (“y Ddeddf”) means the Local Government Finance Act 1988;
“Central List Regulations” (“Rheoliadau Rhestr Ganolog”) means the Central Rating List (Wales) Regulations 1999(1);
“a class of hereditaments” (“dosbarth ar hereditamentau”) means such of those hereditaments to be shown in the central rating list for Wales by virtue of regulation 3(1) of and Part 6 of the Schedule to the Central List Regulations as are occupied by any one designated person named in the schedule to this Order;
“designated person” (“person dynodedig”) means a person designated by regulation 3(1) of and named in Part 6 of the Schedule to the Central List Regulations; and in relation to a class of hereditaments “relevant designated person” means the designated person in occupation of that class;
“recalculation factor” (“ffactor ailgyfrif”) in relation to a class of hereditaments means the factor determined in relation to that class in accordance with article 7;
“relevant year”(“blwyddyn berthnasol”) means any year for which a rateable value is to be determined in accordance with this Order and “relevant preceding year” means the year preceding a relevant year;
“the standard formula” (“y fformwla safonol”) means the formula T + U where—
(a)T is the amount specified in relation to a class of hereditaments in the Schedule; and
(b)U is the recalculation factor applicable to that class in respect of the relevant year ; and
“year” (“blwyddyn”) means a chargeable financial year.
(2) Any reference in this Order to a class of 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.
(3) 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 Wales.