SCHEDULES
F1SCHEDULE 7BLocal retention of non-domestic rates
Part 5Principal payments in connection with local retention of non-domestic rates
16C1Calculations following amending report
1
This paragraph applies if an amending report for a year made under paragraph 15 is approved by resolution of the House of Commons.
2
As soon as is reasonably practicable after the amending report has been approved, the Secretary of State must—
a
calculate which relevant authorities are to make payments under this Part of this Schedule to the Secretary of State for the year,
b
calculate which relevant authorities are to receive payments under this Part of this Schedule from the Secretary of State for the year, and
c
calculate the amount of each payment within paragraph (a) or (b).
3
Subject as follows, the Secretary of State may make one further set of calculations of the kind described in sub-paragraph (2).
4
The power to make a further set of calculations under sub-paragraph (3) is not exercisable after whichever is the later of—
a
the end of the year following the year to which the amending report relates, and
b
the end of the period of 3 months beginning with the day on which the amending report is approved by resolution of the House of Commons.
5
Calculations under this paragraph must be made in accordance with the basis of calculation specified in the local government finance report as amended by the amending report.
6
As soon as is reasonably practicable after making calculations under sub-paragraph (2) or (3), the Secretary of State must notify each relevant authority of—
a
whether any payments are to be made by the authority to the Secretary of State in accordance with the calculations,
b
whether any payments are to be made to the authority by the Secretary of State in accordance with the calculations, and
c
if any payments are to be made by or to the authority, the amount of each payment.
Sch. 7B inserted (with effect in accordance with s. 1(6) of the amending Act) by Local Government Finance Act 2012 (c. 17), s. 1(4), Sch. 1