Regulation 18A Division of repayment : more than one loanF1F9

This regulation applies if—

The Authority must reduce the outstanding balance of the loans by—

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For the purposes of repayments under Part 4 in respect of the tax year beginning on 6 April 2019 or any subsequent tax year, the references in F6paragraphs (1) F7and (1A) to the repayment thresholds F8... are to be read as references to an apportionment of those thresholds in respect of each month of the tax year in question, calculated by dividing the relevant repayment threshold into twelve equal parts.