Regulation 5 Payments by billing authorities to major precepting authorities in respect of share of income

(1)

This regulation applies if a local government finance report for a year is approved by resolution of the House of Commons.

(2)

Each billing authority must make a payment for the year to each of its relevant precepting authorities of the amount that is that authority’s share of the billing authority’s non-domestic rating income.

(3)

The relevant precepting authority shares are—

(a)

10% where the relevant precepting authority is a county council which is a fire and rescue authority;

(b)

9% where the relevant precepting authority is a county council which is not a fire and rescue authority;

(c)

20% where the relevant precepting authority is the Greater London Authority; and

(d)

1% where the relevant precepting authority is a fire and rescue authority not falling within sub-paragraph (a).

(4)

The payment must be made in the course of the relevant year in accordance with the schedule of instalments.