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The Non-Domestic Rating (Rates Retention) Regulations 2013
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- UK Statutory Instruments
- 2013 No. 452
- PART 2
- Regulation 5
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Payments by billing authorities to major precepting authorities in respect of share of income
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5.—(1) This regulation applies if a local government finance report for a year is approved by resolution of the House of Commons.
(2) Each billing authority must make a payment for the year to each of its relevant precepting authorities of the amount that is that authority’s share of the billing authority’s non-domestic rating income.
(3) The relevant precepting authority shares are—
(a)10% where the relevant precepting authority is a county council which is a fire and rescue authority;
(b)9% where the relevant precepting authority is a county council which is not a fire and rescue authority;
(c)20% where the relevant precepting authority is the Greater London Authority; and
(d)1% where the relevant precepting authority is a fire and rescue authority not falling within sub-paragraph (a).
(4) The payment must be made in the course of the relevant year in accordance with the schedule of instalments.
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