Local Government Finance Act 1988

Calculation of levy paymentsE+W

[F123(1)The Secretary of State must calculate in relation to each relevant authority—

(a)whether it is required to make a levy payment for a year, and

(b)if so, the amount of that payment.

(2)The calculation must be made—

(a)as soon as is reasonably practicable after the end of the year, or

(b)if the authority is subject to a requirement imposed by a direction under paragraph 43 (direction to make calculations or supply information) or by or under regulations under paragraph 44 (regulations about calculations and supply of information) for the purposes of this paragraph, as soon as is reasonably practicable after the time for compliance with that requirement,

whichever is the later.

(3)The calculation must be made in accordance with regulations under paragraph 22.

(4)As soon as is reasonably practicable after making a calculation in relation to a relevant authority, the Secretary of State must notify that authority of—

(a)whether, in accordance with the calculation, it is required to make a levy payment for the year, and

(b)if so, the amount of that payment in accordance with the calculation.]

Textual Amendments

F1Sch. 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

Modifications etc. (not altering text)