Regulation 12A Reconciliation of MDC paymentsF1

This regulation applies to an authority in relation to which there is a deficit or a surplus.

Any deficit or surplus shall belong to or be borne by the billing authority and any relevant precepting authorities in accordance with the shares set out in regulation 5.

A relevant precepting authority must pay its share of a surplus to the billing authority.

A billing authority must pay to the relevant precepting authority that authority’s share of the deficit.

Any payments under this regulation must be made before the end of the period of 28 days beginning with the certification date.

In this regulation—

• “certification date” means the date on which the billing authority’s certified non-domestic rating income for the relevant year is certified under regulation 9;

• “deficit” and “surplus” have the meanings given in article 2 of the Middlesbrough MDC Order or article 2 of the Hartlepool MDC Order (as the case may be).