48 Calculation of amount payable by each billing authority
Local Government Finance Act 1992 (1992 c 14) | Legislation

48  Calculation of amount payable by each billing authority

(1)     This section makes provision for calculating the amount required by section 40(2)(b) above to be stated in a precept as the amount payable by a billing authority for any financial year[; and—

(a)     subsection (1A) below applies in relation to a precept issued by the Greater London Authority; and

(b)     subsections (2) to (6) below apply in relation to a precept issued otherwise than by the Greater London Authority].

[(1A)     Where an amount calculated (or last calculated) for the year under section 88(2) or 89(3) of the Greater London Authority Act 1999 applies to dwellings in the billing authority's area, the amount payable by that authority shall be calculated by applying the formula—

C x T

·É³ó±ð°ù±ð—

C is the amount

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