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Paragraph 8

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

At least one third of the amount of a billing authority’s liability to a relevant local precepting authority for a financial year shall become payable to that local precepting authority on or before—

(a)

the last working day of April in that financial year, or

(b)

the last working day of the month following the month in which a precept for that financial year was issued by that local precepting authority,

whichever is the later.

(2)

At least two thirds of that amount shall become payable to that local precepting authority on or before—

(a)

the last working day of August in that financial year, or

(b)

the last working day of the fifth month following the month in which a precept for that financial year was issued by that local precepting authority,

whichever is the later.

(3)

The remainder of that amount shall become payable to that local precepting authority on or before—

(a)

the last working day of December in that financial year, or

(b)

the last working day of the ninth month following the month in which a precept for that financial year was issued by that local precepting authority,

whichever is the later.

(4)

References in this paragraph to a precept for a financial year are references to the last such precept issued by the local precepting authority concerned.