# The Local Authorities (Precepts) (Wales) Regulations 1995, Paragraph 4


(1) The schedule of instalments shall be determined so as to require each instalment to represent the amount of the billing authority’s undischarged liability to the relevant major precepting authority, divided by the number of instalments remaining to be paid immediately before the payment of the instalment in question.
(2) The amount of the billing authority’s undischarged liability to the relevant major precepting authority is the amount of the liability for the financial year in which the instalment falls to be paid less the amount, if any, by which the liability is treated as discharged under regulation 3.
(3) This paragraph shall not apply where paragraph 5 applies.

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Source: https://www.legislation.gov.uk/uksi/1995/2562/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/local-authorities-precepts-wales-regulations-1995/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.