Regulation 2 Calculation of basic amount of tax (billing authorities)

Section 33^f1 is amended as follows.

After subsection (3B)^f2 insert–

“(3C)

In the case of a Welsh county council or county borough council the aggregate of the sums mentioned in item P in subsection (1) above shall be reduced by an amount calculated by applying the formula–

$$\genfrac{}{}{0.1ex}{}{\mathrm{E}\times \mathrm{B}\times 0.5-\left(\mathrm{E}\times \mathrm{B}\times 0.5\right)}{1-\mathrm{B}}$$

where–

• E is the product of the formula set out in subsection (3D) below or, if that is a negative amount, is nil;

• B is the proportion of council tax benefit prescribed for the authority for the year.

(3D)

E is to be calculated by applying the formula–

$$\genfrac{}{}{0.1ex}{}{\mathrm{R}-\mathrm{LP}-\mathrm{BX}}{1+\left(\mathrm{B}\times 0.5\right)}$$

where–

• R has the same meaning as in subsection (1) above;

• LP is the aggregate of the precepts for the year–

  1. (a)

     issued to the council by local precepting authorities; or

  2. (b)

     anticipated by the council in pursuance of regulations made under section 41(3) below;

  which were taken into account by the council in making the calculation required by section 32(2) above;

• BX is the guideline budget requirement prescribed for the authority for the year.

• B has the same meaning as in subsection (3C) above.”