The London Regional Transport Levy (General Rate Act 1967) (Modification) Order 1988

• Citation: S.I. 1988/2153
• Sections: 2

Section 1 Citation and commencement

This Order may be cited as the London Regional Transport Levy (General Rate Act 1967) (Modification) Order 1988 and shall come into force on the 6th January 1989.

Section 2 Modification of the General Rate Act 1967

The provisions of the General Rate Act 1967 (“the Act of 1967”) and rules having effect thereunder, as applied by section 14 of the London Regional Transport Act 1984 (“the Act of 1984”), which by virtue of the provision made at the end of Part III of Schedule 13 to the Act of 1988 continue in force in relation to levies under section 13 of the Act of 1984 made before the date specified in section 127(1) of the Act of 1988 for the abolition of the power to make such levies, shall have effect after that date in relation to any levy made before that date subject to the following modifications—

(i) Any balance payable to the Secretary of State under section 12(7)(a) of the Act of 1967 as so applied in relation to a levy in respect of the year ending on the date specified in the said section 127(1) or in respect of earlier years shall be paid to the Secretary of State not later than 31st March 1991.

(ii) The Secretary of State shall pay to a rating authority not later than 31st March 1991 an amount equal to any balance which he would, but for the said section 127(1), be required by section 12(7)(b) of the Act of 1967 as so applied to have set off against a levy made on that authority in respect of the year following the date specified in the said section 127(1).