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7.—(1) In this Part—
“Central Lists Regulations” means the Central Rating Lists (England) Regulations 2000(1);
“the central list” means the central non-domestic rating list for England compiled on 1st April 2000;
“class of hereditaments” means the hereditaments falling to be shown in the central list in relation to a designated person by virtue of regulation 4 of and Part 2 of the Schedule to the Central Lists Regulations(2);
“designated person” means a person designated by regulation 3(1) of and named in Part 2 of the Schedule to the Central Lists Regulations;
“recalculation factor” in relation to a class of hereditaments means the factor determined in relation to that class in accordance with article 9 or 10, as the case may be;
“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; and
“standard formula” in relation to a class of hereditaments means the formula
T + U,
where—
T is the amount specified in the Schedule to this Order in relation to that class; and
U is the recalculation factor applicable to that class in respect of the relevant year.
(2) Any reference in this Part 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.
(3) Any reference in this Part or in the Schedule to a designated person by name is to the company bearing that name on 1st January 2000.
S.I. 2000/525.
Regulation 4 is made under section 53(2) of the Local Government Finance Act 1988.
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