SCHEDULES

F1SCHEDULE 7BLocal retention of non-domestic rates

Part 6Levy accounts

Levy accounts

19

(1)

The Secretary of State must, for each year, keep an account, to be called a “levy account”.

(2)

Each such account must be kept in accordance with the provisions of this Schedule that apply to a levy account.

(3)

The Secretary of State—

(a)

must keep each such account in such form as the Treasury may direct, and

(b)

must, at such time as the Treasury may direct, send copies of each such account to the Comptroller and Auditor General.

(4)

The Comptroller and Auditor General—

(a)

must examine, certify and report on any account of which copies are sent to the Comptroller and Auditor General under sub-paragraph (3), and

(b)

must arrange for copies of the account and of the Comptroller and Auditor General’s report on it to be laid before each House of Parliament.