SCHEDULES

F1SCHEDULE 7BLocal retention of non-domestic rates

Annotations:
Amendments (Textual)
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 2Determination of the central and local share

4Determination of the central and local share

The Secretary of State must, for each year and in relation to each billing authority in England, determine—

a

the percentage (“the central share”) that is to be the billing authority’s central share for the year for the purposes of Part 3 (payments to the Secretary of State in respect of the central share), and

b

the percentage (“the local share”) that is to be the billing authority’s local share for the year for the purposes of Part 4 (payments by billing authorities to major precepting authorities).