Regulation 10 Estimation of surpluses and deficitsI1
England and Wales
A billing authority shall in accordance with the rules prescribed in Part I of Schedule 2 to these Regulations estimate as regards each financial year beginning in or after 1993 whether there is a surplus or deficit in its collection fund for the preceding financial year, and if so, the amount of that surplus or deficit.
A billing authority shall estimate the surplus or deficit under paragraph (1)—
as regards the financial year beginning in 1993, on 15th February 1993,
as regards a financial year beginning in or after 1994, on 15th January in the preceding financial year.
Where 15th January in a financial year is a Saturday, Sunday or bank holiday the estimate shall be made on the first working day thereafter.
Annotations
Commencement
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Reg. 10 in force at 4.11.1992, see reg. 1(1)