SCHEDULES

SCHEDULE 8Non-Domestic Rating: Pooling

Part IIIDistribution

Distributable amount

8

1

Before a chargeable financial year begins the Secretary of State shall estimate—

a

the aggregate of the items of account which will be credited to the account kept for the year, and

b

the aggregate of the items of account which will be debited to the account kept for the year under paragraphs 2(2)(a) and 3(3)(b) above.

2

In making any estimate under sub-paragraph (1) above the Secretary of State may make such assumptions as he sees fit.

3

If the aggregate estimated under sub-paragraph (1)(a) above exceeds the aggregate estimated under sub-paragraph (1)(b) above the Secretary of State shall calculate the amount equal to the difference.

4

In the revenue support grant report for the year the Secretary of State shall specify the amount arrived at under this paragraph (the distributable amount for the year).