(This note is not part of the Regulations)
Sections 32 and 43 of the Local Government Finance Act 1992 (“the 1992 Act”) set out respectively how a billing authority and a major precepting authority are to calculate their budget requirements for a financial year and sections 33 and 44 of the 1992 Act set out respectively how a billing authority and a major precepting authority are to calculate the basic amount of their council tax.
These Regulations make further amendments to the calculations required by section 33 of the 1992 Act as they apply to billing authorities in Wales so that, if such an authority’s budget requirement exceeds a prescribed figure, the authority will be required to increase the basic amount of its council tax to take account of a consequent reduction in the council tax benefit subsidy which will be paid to it.
In addition, these Regulations provide that the definition of “police grant” in section 32 of the 1992 Act shall not apply to major precepting authorities in Wales and substitute an alternative definition which applies to sections 43 and 44 of the 1992 Act.