The Local Government Finance (New Parishes) Regulations 1998

Calculation of budget requirement

3.—(1) This regulation applies—

(a) in relation to a new parish, the prospective billing authority, the relevant year, the relevant chairman and the relevant parish council (if any); and

(b) as respects the period beginning on the day after that on which the section 14 order is made and ending immediately before the day on which a precept for the relevant year is issued by the relevant parish council, or the relevant chairman, as the case may be.

(2) In making calculations in accordance with section 32 of the Act (calculation of budget requirement by billing authorities), originally or by way of substitute, the prospective billing authority shall anticipate a precept by taking into account for the purposes of its estimate under subsection (2)(a) of that section an amount equal to that specified, in relation to a relevant parish council or a relevant chairman, as the case may be, for the purposes of these Regulations, in a section 14 order which creates the new parish.

(3) Section 32 of the Act shall have effect as if subsection (6) were omitted.

(4) The relevant parish council, or the relevant chairman, shall make the calculations required by section 50 of the Act (calculation of budget requirement by local precepting authorities) for the relevant year so as to secure that the amount calculated as its budget requirement for that year does not exceed the amount specified in relation to the relevant parish council or relevant chairman, as the case may be, in the relevant section 14 order.