- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
34.—(1) The designated person must provide, for each relevant financial year, an actual rates claim report for each pricing QBU in that relevant financial year.
(2) The actual rates claim report must be provided either—
(a)three months after either—
(i)the end of the relevant accounting period, or
(ii)the date on which the ongoing contract condition was first met in relation to the relevant financial year,
whichever is the later; or
(b)if the designated person and the Secretary of State agree a date which is within three months after the end of the period described in paragraph (a), by that date.
(3) The report must contain the following information—
(a)a list of all cost recovery rates which have been calculated for that QBU and for which a claim relating to the relevant accounting period has been or will be made;
(b)a list of all the cost recovery bases that have been used to calculate the cost recovery rates described in sub-paragraph (a);
(c)a description of any deviation from the relevant statutory guidance in calculating those cost recovery rates;
(d)the QBU’s financial accounting statements and supporting accounting schedules for the relevant accounting period;
(e)a quantified analysis of the adjustments made between those financial accounting statements and costs claimed for recovery through cost recovery rates;
(f)a quantified analysis of any adjustments for costs—
(i)incurred in the relevant accounting period that have been or will be included in a claim relating to a period other than the relevant accounting period;
(ii)incurred in a period other than the relevant accounting period that have been or will be included in a claim relating to the relevant accounting period;
(g)a quantified analysis of QBU costs recovered as direct costs under any qualifying defence contract, qualifying sub-contract or other defence contract;
(h)a quantified analysis of QBU costs allocated to each cost recovery base listed under sub-paragraph (b);
(i)a calculation of the amount of each such cost recovery base; and
(j)a calculation of each cost recovery rate, including, for each such rate—
(i)the total cost claimed and the cost recovery base which has been used to calculate it; and
(ii)the amount of each such cost recovery base.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: