Article 10 Agreement to delay part of payment
A leviable body may enter into a written agreement with the Board to delay payment of part of the amount of the levy.
No agreement under paragraph (1) may provide for a delay in payment of any amount that exceeds the aggregate of—
66 per cent. of the amount determined for the leviable body under rule 5 (“amount A”); and
66 per cent. of the amount determined for the leviable body under rule 6 (“amount B”).
Each agreement must—
specify the percentage of either or both of amount A and amount B which is to be subject to a delay in payment under the agreement;
specify the minimum percentage of amount A, and of amount B, which the leviable body must pay no later than 31st March 2011; and
provide that the leviable body must pay any outstanding balance of either or both amounts no later than 31st March 2012.
Where the percentage of amount A, or of amount B, which is specified under paragraph (3)(a) is 34 per cent. or more, the minimum payment specified under paragraph (3)(b) in relation to that amount must be 33 per cent.
Nothing in this rule affects the liability of the leviable body to pay the remainder of the amount of the levy in accordance with the deadline for payment determined in accordance with rule 9.