Special provision for end of year payments in respect of relevant year beginning on 1st April 201511A

1

This regulation applies in relation to the relevant year beginning on 1st April 2015 to a billing authority to which Schedule 2A or 2B applies.

2

Where an amount is certified under regulation 9A as the amount specified by paragraph 2(1) of Schedule 2A for that year (“the certified amount”)—

a

the Secretary of State must pay to the billing authority an amount equal to the certified amount; and

b

the billing authority must transfer from its collection fund to its general fund an amount equal to the certified amount.

3

Where an amount is certified under regulation 9A as the amount specified by paragraph 2 of Schedule 2B for that year (“the certified amount”)—

a

the Secretary of State must pay to the billing authority an amount equal to the certified amount; and

b

the billing authority must transfer from its collection fund to its general fund an amount equal to the certified amount.

4

An amount paid to an authority under this regulation is to be recognised by that authority in accordance with proper practices3 in a revenue account for that year.

Special provision for end of year payments in respect of relevant year beginning on 1st April 201611B

1

This regulation applies in relation to the relevant year beginning on 1st April 2016 to a billing authority to which Schedule 2A or 2B applies.

2

Where an amount is certified under regulation 9 as the amount specified by paragraph 2(1) of Schedule 2A for that year (“the certified amount”)—

a

the Secretary of State must pay to the billing authority an amount equal to the certified amount; and

b

the billing authority must transfer from its collection fund to its general fund an amount equal to the certified amount.

3

Where an amount is certified under regulation 9 as the amount specified by paragraph 2 of Schedule 2B for that year (“the certified amount”)—

a

the Secretary of State must pay to the billing authority an amount equal to the certified amount; and

b

the billing authority must transfer from its collection fund to its general fund an amount equal to the certified amount.

4

An amount paid to an authority under this regulation is to be recognised by that authority in accordance with proper practices in a revenue account for that year.