SCHEDULES
F1SCHEDULE 7BLocal retention of non-domestic rates
Part 3Payments to the Secretary of State in respect of the central share
6C1Payments to the Secretary of State in respect of the central share
1
This paragraph applies if a local government finance report for a year is approved by resolution of the House of Commons.
2
Each billing authority in England must make a payment for the year to the Secretary of State of an amount equal to the central share of the billing authority’s non-domestic rating income for the year.
3
For the purposes of this paragraph, an authority’s “non-domestic rating income” has the meaning given by regulations made by the Secretary of State.
4
The regulations may, in particular, define that term by reference to the total which, if the authority acted diligently, would be payable to it in respect of the year under sections 43 and 45, subject to such adjustments as may be specified in the regulations.
5
The regulations may, in particular, make provision for adjustments by reference to changes to the calculation of the amount of a billing authority’s non-domestic rating income for an earlier year but not taken into account in that calculation.
6
This paragraph is subject to regulations under paragraph 8.
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