Local Government Finance Act 1988 (c. 41)

SCHEDULES

[F1 SCHEDULE 7B E+W Local retention of non-domestic rates

Textual Amendments

F1 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

Part 5 E+W Principal payments in connection with local retention of non-domestic rates

Calculations following amending report E+W

16 (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.]

Modifications etc. (not altering text)

C1 Sch. 7B para. 16 modified (17.2.2014) by The Non-Domestic Rating (Designated Areas) Regulations 2014 (S.I. 2014/98), regs. 1, 5, Sch. 2