SCHEDULES

[F1 SCHEDULE 7B E+WLocal retention of non-domestic rates

Textual Amendments

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 7 E+WLevy payments, safety net payments and distribution of remaining balance

Safety net payments following calculations E+W

27 (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).]