Regulation 9 Payment of levies

(1)

A local council to which a levy is issued under these Regulations in respect of a financial year shall pay the amount of the levy to the NRA in that financial year—

(a)

at such time and in such instalments (if any) as may be agreed between the NRA and the council, or

(b)

in default of such agreement,

(i)

by four equal instalments due on 1st May, 1st July, 1st October and1st January in the financial year, or

(ii)

if the levy is issued after 30th April in the financial year, by equal instalments or (as the case may be) by a single payment due on as many of the dates referred to in sub-paragraph (i) above as remain after the date of issue of the levy or, if none so remain, by a single payment due 30 days after the said date of issue.

(2)

Reference in this regulation to payment of a levy are references to the payment of a levy after the deduction of any amount credited against the liability of the local council in respect of that levy in accordance with regulation 8(5)(b).