SCHEDULES

F1SCHEDULE 7BLocal retention of non-domestic rates

Annotations:
Amendments (Textual)
F1

Sch. 7B inserted (with effect in accordance with s. 1(6) of the amending Act) by Local Government Finance Act 2012 (c. 17), s. 1(4), Sch. 1

Part 7Levy payments, safety net payments and distribution of remaining balance

27Safety net payments following calculations

1

If a calculation under paragraph 26 shows that a safety net payment is to be made by the Secretary of State to a relevant authority, the Secretary of State must make that payment to the authority.

2

The safety net payment must be made in instalments of such amounts, and at such times, as the Secretary of State determines with the Treasury’s consent.

3

This paragraph is subject to regulations under paragraph 28 (payments on account).