PART 3 E+WLevy and safety net
Amendment of regulation 6E+W
14. In regulation 6 (individual levy rates and safety net thresholds)—
(a)in paragraph (2A), for “or (2D)” substitute “ , (2D), (2E) or (2F) ”;
(b)in paragraph (2D), after “Schedule 3,” insert “ and a pool of authorities M1 named within those Parts, ”;
(c)after paragraph (2D), insert—
“(2E) For an authority—
(a)listed in Part 6 of Schedule 3 (other than Coventry City Council); or
(b)listed in Parts 20 to 34 of that Schedule, and a pool of authorities named within those Parts,
the individual levy rate for a relevant year beginning on or after 1st April 2019 is zero.
(2F) For an authority listed in column A of the table in Schedule 5, for a relevant year beginning on or after 1st April 2019 the authority's individual levy rate is 0.5 or the figure calculated in accordance with the formula in paragraph (2G), whichever is less.
(2G) The formula is—
where—
E is the authority's baseline funding level for the year beginning on 1st April 2019; and
F is the authority's business rates baseline for the year beginning on 1st April 2019.”.