{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2021/regulation-6",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2021/regulation-6.json",
  "legislation": "uksi/2021/611",
  "legislation_title": "The Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2021",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-amendment-regulations-2021",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Amendment of the Schedule",
  "text": "(1) The Schedule (calculation of the sub-liability) is amended as follows.\n(2) In paragraph 2—\n(a) for the definition of “assumed debt” substitute—\n““assumed debt” is an amount calculated in accordance with paragraph 4A;”;\n(b) for the definition of “local authority share cap” substitute—\n““local authority share cap” is an amount calculated in accordance with paragraph 4B;”;\n(c) for the definition of “previous quarter” substitute—\n““previous financial year” means the financial year before the relevant financial year;”;\n(d) omit the definition of “quarter 1”;\n(e) omit the definition of “sub-liability”;\n(f) at the appropriate places insert—\n““pooling period” means one of the following periods—\n(a) a quarter beginning before 1st April 2021;\n(b) a financial year beginning on or after 1st April 2021;”;\n““pooling period 1” means the period from 1st April 2012 to 30th June 2012;”;\n““quarter” means one of the following periods—\n(a) 1st April to 30th June;\n(b) 1st July to 30th September;\n(c) 1st October to 31st December;\n(d) 1st January to 31st March;”;\n““relevant financial year” means, in relation to the calculation of the sub-liability, the financial year to which the calculation relates;”.\n(3) In paragraph 3—\n(a) for “relevant quarter”, in each place it occurs, substitute “relevant financial year”;\n(b) in sub-paragraph (2), for “previous quarter”, in both places it occurs, substitute “previous financial year”.\n(4) In paragraph 4—\n(a) for “relevant quarter”, in each place it occurs, substitute “relevant financial year”;\n(b) for “previous quarter”, in each place it occurs, substitute “previous financial year”;\n(c) in the definition of the term C—\n(i) for “each quarter” substitute “each pooling period”;\n(ii) for “quarter 1” substitute “pooling period 1”;\n(d) in the definition of the term F, for “quarters”, in both places it occurs, substitute “pooling periods”;\n(e) in the definition of the term F**—\n(i) for “each quarter” substitute “each pooling period”;\n(ii) for “quarter 1” substitute “pooling period 1”;\n(f) in the definition of the term L**, for “paragraph 9; and” substitute “paragraph 9(1);”;\n(g) in the definition of the term M, at the end insert “; and”;\n(h) after the definition of the term M insert—\n“N* means the assumed debt for the previous financial year;\nO* means the local authority share cap for the previous financial year;\nP has the meaning set out in paragraph 9(2);\nP* means the value of P for the previous financial year.”.\n(5) After paragraph 4 insert—\n“4A. The assumed debt is—\n(a) in the financial year beginning on 1st April 2021, the amount of debt assumed to be associated with a local authority in that year as set out in Table A in this Schedule; and\n(b) in each subsequent financial year—\nN*×1.01\n4B. The local authority share cap is—\n(a) in the financial year beginning on 1st April 2021, the amount attributable to an authority set out in Table B in this Schedule; and\n(b) in each subsequent financial year—\nO*×1.01\n.”.\n(6) In paragraph 8—\n(a) omit sub-paragraph (a);\n(b) in sub-paragraph (b), omit the words from “in quarters other than quarter 1—”.\n(7) For paragraph 9 substitute—\n“9. (1) L** means—\n183,000,000÷P\n(2) P means—\n(a) in the financial year beginning on 1st April 2021, 77,988,112.73;\n(b) in each subsequent financial year—\nN*×1.01\n.”.\n(8) In paragraph 10—\n(a) omit sub-paragraph (a);\n(b) in sub-paragraph (b), omit the words from “in any” to “2013—”.\n(9) For Table A substitute the table in Schedule 1.\n(10) For Table B substitute the table in Schedule 2.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2021/611/regulation/6",
    "retrieved_at": "2026-10-28T22:13:17.998757+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}