# The Non-Domestic Rating (Levy and Safety Net) Regulations 2013, Paragraph 5: Calculation for major precepting authorities


(1) The retained rates income of an authority that is a major precepting authority is the sum of—
(a) the amount calculated in accordance with the formula in paragraph 2 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—
UBB-CC-D+E+f1-g1+f2-g2+V-W×0.75
(5) The amount is calculated in accordance with the formula—
UBB-R+X-Y×0.75.

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Source: https://www.legislation.gov.uk/uksi/2013/737/schedule/1B/paragraph/5 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-levy-and-safety-net-regulations-2013/schedule-1B/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.