# The Non-Domestic Rating (Levy and Safety Net) Regulations 2013, Paragraph 4: Calculation for billing authorities


(1) The retained rates income of an authority that is a billing authority is the sum of—
(a) the amount calculated in accordance with the formula in paragraph 1(1) of Schedule 1; and
(b) the amount calculated in accordance with sub-paragraph (2) below.
(2) Subject to sub-paragraph (3), the amount mentioned in sub-paragraph (1)(b) is whichever is the smaller of the amounts calculated in accordance with sub-paragraphs (4) and (5).
(3) Where either of the amounts calculated in accordance with sub-paragraphs (4) or (5) is zero, or less than zero, the amount mentioned in sub-paragraph 1(b) is zero.
(4) The amount is calculated in accordance with the formula—
AB-C-D+E+F-f1-f2-G-g1-g2+H-h1-J-j1+K-L+M-N+P-Q×0.75
(5) The amount is calculated in accordance with the formula—
AB-R+S-T×0.75

---
Source: https://www.legislation.gov.uk/uksi/2013/737/schedule/1B/paragraph/4 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-levy-and-safety-net-regulations-2013/schedule-1B/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.