OpenLegislation

Regulation 8 Reduced payments as a result of a recalculation

Original text. Later amendments are not shown.

Where regulation 6 applies as regards an authority for a year, the amount of an instalment directed by the Secretary of State to be paid by the authority, under paragraph 11(4) of Schedule 12 to the Act, on or after the day on which the calculation referred to in regulation 6 was made shall be treated as being the amount calculated in accordance with the formula—

AB×C

where—

  • A and B have the same meanings as in regulation 7; and

  • C is the amount the Secretary of State directed to be paid by the authority in the instalment.