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The Non-Domestic Rating (Rates Retention) Regulations 2013
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Apportionment of surplus and deficit
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2.—(1) The Secretary of State’s share of any surplus or of any deficit for a relevant year is 50% of the surplus or deficit for that year.
(2) A relevant precepting authority’s share of any surplus or of any deficit for a relevant year is the amount of the surplus or deficit for that year multiplied by the relevant precepting authority share set out in regulation 5(3).
(3) The billing authority’s share of any surplus or of any deficit for a relevant year is—
(a)50% where the billing authority is a county council, or is a district council in an area for which there is no county council, and the authority is a fire and rescue authority;
(b)49% where the billing authority is a county council, or is a district council in an area for which there is no county council, and the authority is not a fire and rescue authority;
(c)40% where the billing authority is a district council in an area for which there is a county council;
(d)30% where the billing authority is a London borough council or the Common Council of the City of London.
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