[Part 8 Transitional Protection Payments]

[Part 8 Transitional Protection Payments]

[Regulations about deemed and actual rating income

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(1)     The Secretary of State may by regulations make provision for calculating in accordance with the regulations—

(a)     the total amount which would be payable to a billing authority in England in respect of a year under sections 43 and 45 if—

(i)     regulations under section 57A (transitional relief following compilation of local rating list) were not in force for the year, and

(ii)     the authority acted diligently, and

(b)     the total amount which would be payable to a billing authority in England in respect of a year under sections 43 and 45 if the authority acted diligently.

(2)     The regulations may include provision for adjustments to be made to an amount calculated under provision under sub-paragraph (1).

(3)     The regulations may, in particular, make provision for adjustments to that amount by reference to changes affecting the calculation of such an amount for an earlier year but not taken into account in that calculation.

(4)     In this Part of this Schedule—

(a)     a billing authority's “deemed rating incomeâ€

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