# The Non-Domestic Rating (Rates Retention) Regulations 2013, Regulation 13: Calculation and apportionment of surplus or deficit on collection fund for year


(1) For each relevant year beginning on or after 1st April 2014 a billing authority must estimate in accordance with paragraph 1 of Schedule 4 on or before 31st January in the preceding year —
(a) whether there is a surplus or deficit with respect to non-domestic rates in its collection fund for the preceding year; and
(b) if so, the amount of the surplus or deficit.
(2) Any surplus or deficit estimated by an authority under paragraph (1) shall belong to or be borne by that authority, the Secretary of State and any relevant precepting authorities in accordance with the shares set out in paragraph 2 of Schedule 4.

---
Source: https://www.legislation.gov.uk/ukdsi/2013/9780111532959/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-rates-retention-regulations-2013/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.