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

33  Calculation of basic amount of tax [by authorities in Wales]

(1)     In relation to each financial year a billing authority [in Wales] shall calculate the basic amount of its council tax by applying the formula—

(R – P)     divided by T

·É³ó±ð°ù±ð—

R is the amount calculated (or last calculated) by the authority under section 32(4) above as its budget requirement for the year;

P is the aggregate of the sums which the authority estimates will be payable for the year into its . . . council fund] in respect of redistributed non-domestic rates, revenue support grant[, [its council tax reduction scheme,] additional grant [. . . . . .;]];

T is the amount which is calculated by the authority as its council tax base for the year and, where one or more major precepting authorities have

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