SCHEDULES

SCHEDULE 12S Payments to Local Authorities by Secretary of State: Scotland

Part IIS Non-Domestic Rating Accounts

The accountsS

6(1)In accordance with this Part of this Schedule the Secretary of State shall keep, in respect of the financial year 1993-94 and each subsequent financial year, an account (to be called a non-domestic rating account).S

[F1(2)The Scottish Ministers shall send each account kept by them in accordance with sub-paragraph (1) to the Auditor General for Scotland for auditing.]

Credits and debitsS

7(1)For each financial year there shall be credited (as items of account) to the account kept for the year any sums received by the Secretary of State in the year under paragraph 11 below.S

(2)Any amounts of non-domestic rate income distributed by the Secretary of State in a financial year under—

(a)paragraph 3 above;

(b)paragraph 11(9) and (10) below; or

(c)regulations made under paragraph 12(5) below,

shall be debited (as items of account) to the account kept for the year

8(1)As soon as is reasonably practicable after the end of each financial year the Secretary of State shall calculate the following—S

(a)the aggregate of the items of account credited to the account kept for the year; and

(b)the aggregate of the items of account debited to the account kept for the year.

(2)If the aggregate mentioned in sub-paragraph (1)(a) above exceeds that mentioned in sub-paragraph (1)(b) above, a sum equal to the excess shall be—

(a)debited (as an item of account) to the account kept for the year; and

(b)credited (as an item of account) to the account kept for the next financial year.

(3)If the aggregate mentioned in sub-paragraph (1)(b) above exceeds that mentioned in sub-paragraph (1)(a) above, a sum equal to the excess shall be—

(a)credited (as an item of account) to the account kept for the year; and

(b)debited (as an item of account) to the account kept for the next financial year.