Regulation 13 Calculation and apportionment of surplus or deficit on collection fund for year

(1)

For each relevant year beginning on or after 1st April 2014 a billing authority must estimate in accordance with paragraph 1 of Schedule 4 on or before 31st January in the preceding year —

(a)

whether there is a surplus or deficit with respect to non-domestic rates in its collection fund for the preceding year; and

(b)

if so, the amount of the surplus or deficit.

(2)

F1Subject to Schedule 4B, any surplus or deficit estimated by an authority under paragraph (1) shall belong to or be borne by that authority, the Secretary of State and any relevant precepting authorities in accordance with the shares set out in paragraph 2 of Schedule 4.

Annotations

Textual amendments

F1: Words in reg. 13(2) inserted (1.12.2020) by The Local Authorities (Collection Fund: Surplus and Deficit) (Coronavirus) (England) Regulations 2020 (S.I. 2020/1202), regs. 1, 4