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Regulation 8 Reduced payments 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 amount of an instalment directed by the Secretary of State, under paragraph 5(5) of Schedule 8 to the Act, to be paid by the charging authority on or after the day on which the recalculation was made shall be treated as being the amount calculated in accordance with the formula

A×BC

where—

  • A is the amount the Secretary of State directed to be paid by the authority in the instalment,

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

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

(2)

In paragraph (1) 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).