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The Non-Domestic Rating (Rates Retention) (Amendment) Regulations 2017
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- UK Statutory Instruments
- 2017 No. 1321
- Regulation 7
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Amendment of regulation 11B
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7.—(1) Regulation 11B (special provision for end of year payments in respect of relevant year beginning on 1st April 2016) is amended as follows.
(2) In paragraph (1) for “Schedule 2A or 2B” insert “Schedule 2A, 2B or 2C”.
(3) After paragraph (3) insert—
“(3A) Where an amount is certified under regulation 9B as the amount specified by paragraph 2(1) of Schedule 2C for that year (“the certified amount”)—
(a)the Secretary of State must pay to the billing authority an amount equal to the certified amount;
(b)the billing authority must transfer from its collection fund to its general fund an amount equal to the certified amount.”.
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