# The Non-Domestic Rating (Levy and Safety Net) Regulations 2013, Paragraph 6: Calculation for major precepting authorities for the financial year beginning on 1st April 2013


(1) This paragraph has effect in respect of the financial year beginning on 1st April 2013 if the circumstances mentioned in paragraph 2(d) alone apply.
(2) For the purposes of regulations 9 and 10, the retained rates income for the financial year beginning on 1st April 2013 of an authority that is a major precepting authority is calculated by adding to the amount calculated in accordance with paragraph 2 of Schedule 1 the amount calculated in accordance with the formula—
SY×4/5Where—
S is calculated as in paragraph 2 of Schedule 1; and
Y is the aggregate of the provision for refunds in respect of previous years of every billing authority from whom the major precepting authority received non-domestic rating income, where that billing authority has—
(a)in its calculation under regulation 3 of the 2013 Regulations (calculation of non domestic income) of the amount specified by paragraph 1 of Schedule 1 to those Regulations, for the year beginning on 1st April 2013, spread its provision for refunds in respect of previous years over a 5 year period; and
(b)in its calculation of the surplus or deficit with respect to non domestic rates for the relevant year beginning on 1st April 2014 included in the amount specified by paragraph 1(3) of Schedule 4 to the 2013 Regulations an amount equal to the relevant proportion.

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Source: https://www.legislation.gov.uk/uksi/2013/737/schedule/1A/paragraph/6 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-levy-and-safety-net-regulations-2013/schedule-1A/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.