[42B Calculation of basic amount of tax by authorities in England]
Local Government Finance Act 1992 (1992 c 14) | Legislation

[42B  Calculation of basic amount of tax by authorities in England]

[(1)     In relation to each financial year a major precepting authority in England must calculate the basic amount of its council tax by applying the formula—

R / T

·É³ó±ð°ù±ð—

R is the amount calculated (or last calculated) by the authority under section 42A(4) above as its council tax requirement for the year;

T is the aggregate of the amounts which are calculated by the billing authorities to which the authority issues precepts

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