PART 2Calculations and in-year payments

Payment to the Secretary of State in respect of the central share4.

F1(1)

In relation to each relevant year, a billing authority must deduct from the central share payment the amount which is the total of the following—

(a)

its estimate of the amount (if any) specified by paragraph 2 of Schedule 2 for that year;

(b)

its estimate of the amount (if any) specified by paragraph 3 of Schedule 2 for that year;

(c)

for a relevant year beginning on or after 1st April 2017—

(i)

its estimate of the amount specified by paragraph 2(1) of Schedule 2A for that year (if applicable); and

(ii)

its estimate of the amount specified by paragraph 2 of Schedule 2B for that year (if applicable);

(2)

The F2central share payment must be made in the course of the relevant year in accordance with the schedule of instalments.

F3(3)

In relation to a relevant year commencing on or after 1st April 2017, this regulation does not apply to a billing authority listed in Parts 2 to 6 of Schedule 5.