PART 4 Basis of distribution of levy account surplus

Calculation of amounts due to authorities

19.  In relation to a year the amount to be paid to a relevant authority to which a distribution is to be made in that year under paragraph 30 of Schedule 7B to the Local Government Finance Act 1988 is to be calculated in accordance with the formula—

where—

• A is the amount determined for that year by the Secretary of State under paragraph 30(1) of Schedule 7B to the 1988 Act;

• B is the amount specified in Column B of Schedule 5 with respect to the authority;

• C is the amount specified in Column C of Schedule 5 with respect to the authority;

• ∑B is the sum of the amounts specified in Column B of Schedule 5 with respect to authorities to which a distribution is being made in that year;

• ∑C is the sum of the amounts specified in Column C of Schedule 5 with respect to authorities to which a distribution is being made in that year.