# The Residuary Body for Wales (Levies) Regulations 1995, Regulation 8: Payment of levies


(1) A new authority to which a levy is issued under these Regulations in respect of a financial year shall pay the amount of the levy to the Residuary Body in that financial year at such time and in such instalments (if any) as may be agreed between the Residuary Body and the new authority or, in default of such agreement, in five equal instalments, payable respectively by the end of April, June, August, October and December in that financial year, provided however that no instalment shall be payable until 30 days after the levy is issued.
(2) References in this regulation to payment of a levy are references to the payment of a levy after the deduction of any amount credited against the liability of the new authority in respect of that levy in accordance with regulation 7(5)(b).

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Source: https://www.legislation.gov.uk/uksi/1995/2306/regulation/8 (the official version)
Page: https://openlegislation.uk/residuary-body-for-wales-levies-regulations-1995/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.