SCHEDULE 1RULES FOR THE CALCULATION OF NON-DOMESTIC RATING CONTRIBUTIONS

PART 1CALCULATION OF NON RATING CONTRIBUTIONS

Deductions from gross amount7

The amount which is the total of—

a

the amounts of interest which have become payable by the authority in the financial year to which the relevant calculation relates or in a preceding year, in accordance with regulations made under section 55 of, or paragraph 2(2A) of Schedule 9 to, the Act12 and which have not been taken into account by the authority for the purposes of this paragraph or paragraph 9 of Schedule 1 to the 1989 Regulations in a calculation for a preceding year; less

b

any such amounts which have been taken into account by the authority in a calculation made for a preceding year but which—

i

would not have been so taken into account on the basis of the information before the person making the relevant calculation; and

ii

have not been taken into account for the purposes of this sub-paragraph in a calculation for a preceding year.