Regulation 10 Requirement to make levy paymentI1

An authority must make a levy payment to the Secretary of State in respect of F1a relevant year ending on or before 31st March 2026 where the following conditions are met—

The amount of the levy payment F2under paragraph (1) is to be the amount calculated in accordance with the formula—

Where—

• E is the authority’s individual levy rate;

• F is the authority’s retained rates income for the relevant year;

• G is the authority’s baseline funding level for the relevant year.

Subject to paragraph (8), an authority must make a levy payment to the Secretary of State in respect of a relevant year beginning on or after 1st April 2026 if its retained rates income for the year is greater than its baseline funding level for the year.

The amount of the levy payment under paragraph (3) is the sum of the amounts calculated under paragraphs (5) to (7).

The amount calculated under this paragraph is 10% of so much of an authority’s retained rates income which exceeds its baseline funding level but does not exceed its initial growth limit.

The amount calculated under this paragraph is 30% of so much of an authority's retained rates income which exceeds its initial growth limit but does not exceed its further growth limit. 

The amount calculated under this paragraph is 45% of so much of an authority’s retained rates income which exceeds its further growth limit.

Paragraphs (3) to (7) do not apply to an authority listed in Parts 1 to 8 of Schedule 3 that is not part of a pool of authorities for the relevant year.

In this regulation—