art 7 Interpretation
(1) In this Part — “Central List Regulations” (“ Rheoliadau'r Rhestr Ganolog ”) means the Central Rating List (Wales) Regulations 1999 ; “the central list” (“ y rhestr ganolog ”) means the central non-domestic rating list for Wales compiled on 1st April 2000; “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 2 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 2 of the Schedule to the Central List Regulations; “recalculation factor” (“ ffactor ailgyfrifo ”) 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” (“ blwyddyn berthnasol ”) means any year for which a rateable value is to be determined in accordance with this Order and “relevant preceding year” (“blwyddyn berthnasol flaenorol”) means the year preceding a relevant year; and “standard formula” (“ fformwla safonol ”) in relation to a class of hereditaments means the formula 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 at the date that name is entered in the central list.