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Regulation 7 Repayments as a result of a recalculation

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

(1)

Where regulation 6 applies as regards a charging authority for a financial year, the Secretary of State shall repay to the charging authority the amount calculated in accordance with paragraph (2) below.

(2)

The amount is the difference between—

(a)

the total of the amounts paid by the authority to the Secretary of State under paragraph 5(5) of Schedule 8 to the Act on relevant days preceding the day on which the recalculation was made, and

(b)

the amount calculated in accordance with the formula

A×BC

where—

  • A is the amount recalculated (or last recalculated) as regards the authority under regulation 6(2),

  • B is the total of the amounts directed by the Secretary of State to be paid by the authority on relevant days preceding the day on which the recalculation was made, and

  • C is the provisional amount having effect as regards the authority immediately before the day on which the recalculation was made.

(3)

In paragraph (2) above the day on which the recalculation was made means the day taken as the day on which the calculations under regulation 6(2) were made (or were last made).

(4)

The amount calculated in accordance with paragraph (2) above shall be paid by the Secretary of State at such time as he decides.