2. 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 list(1);
“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 year(2) 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 Act(3); 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).
See section 41(1) of the 1988 Act for the meaning of “local non-domestic rating list”.
See section 145(1) of the 1988 Act for the meaning of “chargeable financial year”.
Relevant amendments were made to Schedule 7 by section 62 of the Local Government Act 2003 (c. 26).