Regulation 8 Safety net on accountI1

England and Wales

(1)

A payment on account is to be made in F112 instalments such that—

(a)

the first instalment is payable on the 30th April; and

(b)

the subsequent instalments are payable on the 19th day of each of the following F211 months starting in May.

F3(2)

The first four instalments are each to be of 9 per cent of the amount payable and each other instalment is to be 8 per cent of the amount payable.

(3)

Where an instalment falls to be paid on a Friday or a day that is not a working day, it shall instead be payable on the first working day that is not a Friday following that day.

(4)

For the purpose of this regulation “working day” means any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday in England under the Banking and Financial Dealings Act 1971^f1.

Annotations

Textual amendments

F1: Word in reg. 8(1) substituted (1.4.2015 with effect in accordance with reg. 1(2)) by The Non-Domestic Rating (Levy and Safety Net) (Amendment) Regulations 2015 (S.I. 2015/617), reg. 2(4)(a)
F2: Word in reg. 8(1)(b) substituted (1.4.2015 with effect in accordance with reg. 1(2)) by The Non-Domestic Rating (Levy and Safety Net) (Amendment) Regulations 2015 (S.I. 2015/617), reg. 2(4)(b)
F3: Reg. 8(2) substituted (1.4.2015 with effect in accordance with reg. 1(2)) by The Non-Domestic Rating (Levy and Safety Net) (Amendment) Regulations 2015 (S.I. 2015/617), reg. 2(4)(c)

Commencement

I1: Reg. 8 in force at 27.3.2013, see reg. 1

Footnotes

f1: 1971 c.80.