# The Non-Domestic Rating (Rates Retention) Regulations 2013, Paragraph 2


In relation to a billing authority’s estimate of any surplus or deficit under paragraph 1 of Schedule 4 for a relevant year beginning on 1st April 2021—
(a) the Secretary of State’s share of any surplus or deficit for that year estimated by a billing authority listed in the table in Schedule 4C, is calculated in accordance with the formula—
(b) a relevant precepting authority’s share is calculated in accordance with the formula—
(c) the billing authority’s share is calculated in accordance with the formula—

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Source: https://www.legislation.gov.uk/uksi/2013/452/schedule/4B/paragraph/2 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-rates-retention-regulations-2013/schedule-4B/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.