Regulation 9 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:

reg.9 amended by Non-Domestic Rating Contributions 1993 reg.2(b)(d)
reg.9(1) amended by Non-Domestic Rating Contributions 1994 reg.2(1)
reg.9(2) amended by Non-Domestic Rating Contributions 1994 reg.2(2)
regs 8A, 9 replaced (by regs 8, 9) by Non–Domestic Rating Contributions 1994 reg.2

Where regulation 7 applies as regards a billing 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 billing authority on or after the adjustment day shall be treated as being the amount calculated in accordance with the formula—

\frac{D x E}{F}

where

D is the amount the Secretary of State directed to be paid by the billing authority in the instalment,
E is the amount recalculated (or last recalculated) as regards the billing authority under regulation 7(2), and
F is the provisional amount having effect as regards the billing authority immediately before the adjustment day.