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Paragraph 8 Assumptions as to deductions from gross amount

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

(1)

It shall be assumed that the amount described in paragraph 6 of Schedule 1 to these Regulations will be 1.6 per cent. of the amount described in sub-paragraph (2) below.

(2)

The amount is the total of the chargeable amounts payable to the billing authority under sections 43 and 45 of the Act in respect of each relevant day, calculated in accordance with the provisions of paragraph 2 of this Schedule, less the deduction from that amount prescribed in paragraph 3 of Schedule 1 to these Regulations, calculated in accordance with the provisions of paragraphs 3 to 6 of this Schedule.