Paragraph 5 M

(1)

M (council tax at guideline for the financial year beginning with 1st April 2000) is the higher of

(a)

D × 1.045; or

(b)

\frac{H + J - P}{T}

(2)

For D, H and J, see paragraphs 2(3), 3(3) and 4 respectively.

(3)

(a)

P for the Greater London Authority is the aggregate of P1 and P2 (defined in sections 88(2) and 89(4) of the 1999 Act^f1) for the financial year beginning with 1st April 2000 increased or reduced in accordance with sections 88 and 89 respectively, but omitting for the purpose of this calculation the amount referred to in section 89(6A) of the 1999 Act^f2.

(b)

P for any other authority is the same as in section 44 of the 1992 Act for the financial year beginning with 1st April 2000, increased or reduced in accordance with that section but omitting, for the purpose of this calculation, the amount referred to in subsection (3)(c)^f3.

(4)

T is for the financial year beginning with 1st April 2000 the same as in section 44 of the 1992 Act or, in relation to the Greater London Authority, section 88(2) of the 1999 Act.

Annotations

Footnotes

f1: Section 89(4) of the 1999 Act is adapted in relation to the financial year beginning with 1st April 2000 by the Greater London Authority Act 1999 (Commencement No. 3 and Transitional Finance Provisions) Order 1999 (S.I. 1999/3434 (C. 96)).
f2: Section 89(6A) of the 1999 Act is inserted by the Local Authorities (Alteration of Requisite Calculations) (England) Regulations 2000 (S.I. 2000/213).
f3: Section 44(3)(c) is inserted by the Local Authorities (Alteration of Requisite Calculations) (England) Regulations 2000 (S.I. 2000/213).