SCHEDULES

[F1 SCHEDULE 7B E+WLocal retention of non-domestic rates

Textual Amendments

F1 Sch. 7B inserted (with effect in accordance with s. 1(6) of the amending Act) by Local Government Finance Act 2012 (c. 17), s. 1(4), Sch. 1

Part 5 E+WPrincipal payments in connection with local retention of non-domestic rates

Determination of payments E+W

12 (1) The local government finance report for a year must specify the basis (“the basis of calculation”) on which the Secretary of State intends to—

(a) calculate which relevant authorities are to make payments under this Part of this Schedule to the Secretary of State for the year,

(b) calculate which relevant authorities are to receive payments under this Part of this Schedule from the Secretary of State for the year, and

(c) calculate the amount of each payment within paragraph (a) or (b).

(2) Before making the local government finance report for a year, the Secretary of State must notify such representatives of local government as the Secretary of State thinks fit of the general nature of the basis of calculation.]