Part III Financial Provisions

Chapter I Council Tax

Calculation of tax payable

I193 Calculation of amount payable by each billing authority.

1

Section 48 of the M1Local Government Finance Act 1992 (calculation of amount payable by each billing authority) shall be amended as follows.

2

In subsection (1) there shall be added at the end

; and—

a

subsection (1A) below applies in relation to a precept issued by the Greater London Authority; and

b

subsections (2) to (6) below apply in relation to a precept issued otherwise than by the Greater London Authority.

3

After subsection (1) there shall be inserted—

1A

Where an amount calculated (or last calculated) for the year under section 88(2) or 89(3) of the Greater London Authority Act 1999 applies to dwellings in the billing authority’s area, the amount payable by that authority shall be calculated by applying the formula—

CxTmath

where—

  • C is the amount so calculated; and

  • T is the amount which, in relation to the billing authority, is determined for item T in section 33(1) above.