PART 8ADMINISTRATION

Payments to charging authorities76.

(1)

This regulation applies where a collecting authority collects CIL on behalf of a charging authority.

F1(2)

The collecting authority must pay to a charging authority an amount (X) equal to the payments it receives (Y) in respect of CIL charged by that charging authority less—

(a)

that part of Y which (in accordance with regulation 61(4)) the collecting authority applies to administrative expenses incurred by it in connection with collecting Y; and

(b)

any overpayment (including interest) which the collecting authority has repaid under regulation 75.

(3)

Subject to paragraph (4), X must be paid to the charging authority by the collecting authority by the end of the financial quarter in which Y is received.

(4)

Where the collecting authority first collects CIL on behalf of the charging authority, X must be paid to the charging authority by the end of the first full financial quarter following the day on which the collecting authority first receives a payment of CIL charged by that charging authority.

(5)

In this regulation “financial quarter” means a period of three months ending with the last day of March, June, September or December.