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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003 (“the 2003 Regulations”) make provision about the accounting practices to be followed by local authorities, including (in particular) with respect to the charging of expenditure to revenue accounts.

Regulation 30L of the 2003 Regulations applies to accounts prepared for the financial years beginning in 2020, 2021 and 2022. These Regulations amend regulation 30L to extend the application of the provision for a further three financial years.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.