Interpretation2
In these Regulations—
“the 1988 Act” means the Local Government Finance Act 1988;
“baseline amount”, in relation to a billing authority, means the amount calculated under Part 3 of Schedule 2 in respect of a designated area for a specified year;
“billing authority” means a billing authority in England part of whose area falls within a designated area;
“designated area” means an area designated under regulation 3(1);
“local list” means a local non-domestic rating list2;
“non-domestic rating income”, in relation to a billing authority, means the amount calculated under Part 2 of Schedule 2 in respect of a designated area for a specified year;
“preceding year” means the chargeable financial year3 immediately preceding the specified year for which a calculation under Part 3 of Schedule 2 is made;
“revaluation year” means a year in which a local list must be compiled under section 41 of the 1988 Act;
“Schedule 7B” means Schedule 7B to the 1988 Act;
“small business non-domestic rating multiplier”, in relation to a chargeable financial year, means the small business non-domestic rating multiplier for that year determined under Part 1 of Schedule 7 to the 1988 Act4; and
“specified year” means, in relation to a designated area, a chargeable financial year falling within the period of years specified in relation to that area in regulation 3(2).