Regulation 15 Schedule of instalments

Where a payment under these Regulations is to be paid according to the schedule of instalments F1, subject to F2paragraphs (7) and (9), it is to be paid in F312 instalments such that—

Where an instalment falls to be paid on a Friday or a day that is not a working day, it shall instead be payable on the first working day that is not a Friday following that day.

F6Subject to paragraph (8), the first four instalments are each to be of 9% of the amount payable and each other instalment is to be 8% of the amount payable.

A billing authority and a major precepting authority may by agreement vary the schedule of instalments with regard to payments between them.

Any amount paid or transferred in respect of a liability under paragraph 6 of Schedule 7B to the 1988 Act or these Regulations for a year, whether or not paid in accordance with paragraph (1) is to be treated as discharging that liability to the extent of the payment.

For the purpose of this regulation “working day” means any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday in England under the Banking and Financial Dealings Act 1971 M1.

A central share payment in relation to the relevant year beginning on 1st April 2020 is to be paid in 9 instalments, such that—

For a central share payment in relation to the relevant year beginning on 1st April 2020—

Where a relevant precepting authority is required to make a payment to a billing authority under regulation 14(2) in relation to the relevant year beginning on 1st April 2021, such a payment is to be paid in instalments in accordance with paragraphs (10) to (12).

An instalment equal to the additional reliefs amount calculated in accordance with paragraph (11) is payable on 21st March 2022.

The additional reliefs amount is calculated as follows—

where—

• A is the relevant precepting authority’s percentage share of the billing authority’s non-domestic rating income in relation to the relevant year beginning on 1st April 2020, as set out in regulation 5(3), (3A) or (3B) as the case may be;

• B is an amount equivalent to the billing authority’s estimate of the relevant rates relief awarded by the billing authority in respect of the relevant year beginning on 1st April 2020, in accordance with paragraph 3 of Schedule 4A; and

• C is the amount ascribed to the relevant precepting authority by the table in Schedule 6 in respect of the billing authority.

The remainder, if any, of the amount payable under regulation 14(2) is to be paid in accordance with paragraphs (1) to (3).