The Railways (Rateable Values) (Amendment) Order 1999

Consequential provision

4.—(1) Article 2(1) (interpretation) is amended as follows–

(a) the definition of “recalculation factor” is omitted;

(b) for the definition of “the standard formula” there is substituted–

• ““the standard formula” means the formula

  T + U,

  where–

  a

  T is the rateable value specified in article 5(1), and

  b

  U is the recalculation factor determined under article 8 in respect of the relevant year.”

(2) In article 6 (recalculation factor: interpretation)–

(a) in paragraph (1)–

(i) for “articles 7 and 8” there is substituted “article 8”,

(ii) sub-paragraph (a) is omitted;

(iii) in sub-paragraph (b), for “the relevant designated person” there is substituted “London Underground Limited”;

(b) paragraph (2) is omitted;

(c) in paragraph (3), for “a designated person” there is substituted “London Underground Limited”, and the words “in relation to that person” are omitted.

(3) Article 7 (recalculation factor for Railtrack PLC and the British Railways Board) is omitted.