Paragraph 1 I1
England and Wales
For the purposes of regulation 5, but subject to sub-paragraph (2), the proportion of a relevant billing authority’s non-domestic rating income for a specified year in respect of a designated area within which all or part of the authority’s area falls is the difference between—
the amount of the authority’s non-domestic rating income for that year in respect of that area calculated in accordance with Part 2; and
the amount calculated in relation to the authority for that year in respect of that area in accordance with Part 3.
Where the amount calculated in accordance with Part 3 is greater than or equal to the amount calculated in accordance with Part 2, the proportion for the purposes of regulation 5 is zero.
Annotations
Commencement
- I1
Sch. 2 para. 1 in force at 18.2.2013, see reg. 1