# The Business Rate Supplements (Accounting) (England) Regulations 2010, Regulation 4: Deficit in the BRS revenue account – levying authority


(1) Subject to paragraph (2), after the end of each financial year of a BRS, a levying authority shall—
(a) make good any deficit in its revenue account from its general fund by 31st July in the following financial year; or
(b) apply any credit in its revenue account towards making good to its general fund any amount charged to that fund under sub-paragraph (a) in the ten years immediately preceding that financial year.
(2) Paragraph (1) shall not apply where the imposition of a BRS has come to an end in that financial year.

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Source: https://www.legislation.gov.uk/uksi/2010/403/regulation/4 (the official version)
Page: https://openlegislation.uk/business-rate-supplements-accounting-england-regulations-2010/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.