SCHEDULES

SCHEDULE 8 Non-Domestic Rating: Pooling

Part I Non-Domestic Rating Accounts

The accounts

1

1

In accordance with this Schedule the F7Welsh Ministers shall keep for each chargeable financial year an account (to be called a non-domestic rating account).

2

The F8Welsh Ministers—

a

shall keep each account in such form F19as they consider appropriate, and

b

shall at such time F18as they consider appropriate send copies of each account to the F9Auditor General for Wales.

F103

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F64

The Auditor General for Wales shall examine, certify and report on any account of which copies are sent to him under sub-paragraph (2) and shall lay copies of the account and of his report before the F11National Assembly for Wales.

Credits and debits

C1C22

C31

For each chargeable financial year the following shall be credited (as items of account) to the account kept for the year—

a

sums received by the F12Welsh Ministers in the year under section 54 above,

b

sums received by F13them in the year under F1section 59 above, and

c

sums received by F14them in the year under paragraph 5 below F2or regulations made under sub-paragraph (15) of that paragraph.

2

For each chargeable financial year the following shall be debited (as items of account) to the account kept for the year—

a

payments made by the F15Welsh Ministers in the year F3under paragraph 5(10) or (14) belowF5, under regulations made for the purpose mentioned in paragraph 4(7) below or under regulations made under paragraph 5(15) or 6(5) below, and

b

payments made by F16them in the year under F4paragraph 12 or 15 below (as the case may be).

C43

1

As soon as is reasonably practicable after the end of each chargeable financial year the F17Welsh Ministers shall calculate the following—

a

the aggregate of the items of account credited to the account kept for the year, and

b

the aggregate of the items of account debited to the account kept for the year.

2

If the aggregate mentioned in sub-paragraph (1)(a) above exceeds that mentioned in sub-paragraph (1)(b) above, a sum equal to the excess shall be—

a

debited (as an item of account) to the account kept for the year, and

b

credited (as an item of account) to the account kept for the next financial year.

3

If the aggregate mentioned in sub-paragraph (1)(b) above exceeds that mentioned in sub-paragraph (1)(a) above, a sum equal to the excess shall be—

a

credited (as an item of account) to the account kept for the year, and

b

debited (as an item of account) to the account kept for the next financial year.