Amendment of Schedule 1
15.—(1) Schedule 1 (calculation of retained rates income) is amended as follows.
(2) Paragraph 1(1) is amended as follows—
(a)in the definition of “P”—
(i)in paragraph (a) after “(b)” insert “or (c)”;
(ii)for paragraph (b) substitute—
“(b)for the relevant year beginning on 1st April 2017, the amount specified for that authority in column C of Schedule 4;
(c)for the relevant year beginning on 1st April 2018, the amount specified for that authority in column E of Schedule 4;”;
(b)in the definition of “Q”—
(i)in paragraph (a) after “(b)” insert “or (c)”;
(ii)for paragraph (b) substitute—
“(b)for the relevant year beginning on 1st April 2017, the amount specified for that authority in column D of Schedule 4;
(c)for the relevant year beginning on 1st April 2018, the amount specified for that authority in column F of Schedule 4; and”;
(c)in the definition of “T” for “1st April 2013” to the end of the sentence substitute “or after 1st April 2013”.
(3) Omit paragraph 1(1A).
(4) In paragraph 1(4A) for “50%” substitute “A%”.
(5) After paragraph 1(4A) insert—
“(4B) For the purpose of sub-paragraph (4A), A is—
(a)for the relevant years beginning on 1st April 2013, 1st April 2014, 1st April 2015 and 1st April 2016, 50;
(b)for a relevant year beginning on or after 1st April 2017, the amount specified for that authority in column G of Schedule 4.”.
(6) In paragraph 2 the definition of “U” is amended as follows—
(a)for “1st April 2013, 1st April 2014 and 1st April 2015” substitute “or after 1st April 2013”;
(b)omit “, and in respect of any other year is zero”.