The Building Safety Levy (England) Regulations 2025
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Change 1
70 Reimbursement by the Secretary of State
(1) This regulation applies if a collecting authority’s levy balance is a negative amount for the financial quarter ending on the last day of March in any year. (2) The Secretary of State must make a payment to the collecting authority of an amount equal to the amount of the deficit. (3) For the purposes of Step 3 in regulation 69(2), the levy balance for that financial quarter is treated as being nil.
70 Reimbursement by the Secretary of State
(1) This regulation applies if a collecting authority’s levy balance is a negative amount for the financial quarter ending on the last day of March in any year. (2) The Secretary of State must make a payment to the collecting authority of an amount equal to the amount of the deficit. (3) For the purposes of Step 3 in regulation 69(2), the levy balance for that financial quarter is treated as being nil.
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