The Collection Fund (England) Regulations 1989

Calculations under section 95(4) of the Act

9.—(1) Where–

(a) a charging authority has made a substitute calculation under section 95(4) of the Act(1) in relation to a financial year, and

(b) an amount transferred under section 97 of the Act from that authority’s collection fund to its general fund or the City fund (as the case may be) in relation to that financial year would not have been so transferred had the result of the previous calculation or the last one made before the substitute calculation been the same as that of the substitute calculation,

that charging authority shall transfer from its general fund or the City fund to its collection fund the amount which would not have been so transferred.

(2) The amount transferred under paragraph (1) above shall be transferred–

(a) if the substitute calculation was made before the end of the financial year to which it relates, in that finanical year,

(b) in any other case, on the day on which the substitute calculation is made.

(1)

Section 95 was amended by the Local Government and Housing Act 1989 (c. 42), Schedule 5, paragraph 63.