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7. Regulation 11 (reconciliation of amount deducted from central share payment) is amended as follows—
(a)in paragraph (1), for “total of the amount of qualifying relief specified by paragraph 2 of Schedule 2 is different to the amount deducted from the central share payments under regulation 4(1)” substitute “amount specified by paragraph 2 of Schedule 2 for a relevant year is different from the amount deducted under regulation 4(1)(a) from the central share payment for that year”;
(b)in paragraph (2), for “total of the amount of qualifying relief specified by paragraph 3 of Schedule 2 is different to the amount deducted from the central share payments under regulation 4(1)” substitute “amount specified by paragraph 3 of Schedule 2 for a relevant year is different from the amount deducted under regulation 4(1)(b) from the central share payment for that year”;
(c)after paragraph (2) insert—
“(2A) For a relevant year beginning on or after 1st April 2017, where the amount certified under regulation 9 as the amount specified by paragraph 2(1) of Schedule 2A for that year is different from the amount deducted under regulation 4(1)(c)(i) from the central share payment for that year—
(a)if the certified amount is less than the deducted amount—
(i)the billing authority must pay to the Secretary of State an amount equal to the difference; and
(ii)the billing authority must transfer from its general fund to its collection fund an amount equal to the difference; or
(b)if the certified amount is more than the deducted amount—
(i)the Secretary of State must pay to the billing authority an amount equal to the difference; and
(ii)the billing authority must transfer from its collection fund to its general fund an amount equal to the difference.
(2B) For a relevant year beginning on or after 1st April 2017, where the amount certified under regulation 9 as the amount specified by paragraph 2 of Schedule 2B for that year is different from the amount deducted under regulation 4(1)(c)(ii) from the central share payment for that year—
(a)if the certified amount is less than the deducted amount—
(i)the billing authority must pay to the Secretary of State an amount equal to the difference; and
(ii)the billing authority must transfer from its general fund to its collection fund an amount equal to the difference; or
(b)if the certified amount is more than the deducted amount—
(i)the Secretary of State must pay to the billing authority an amount equal to the difference; and
(ii)the billing authority must transfer from its collection fund to its general fund an amount equal to the difference.”.
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