The Local Government Finance Act 2012 (Transitional Provisions) Order 2014
Prior to the financial year commencing on 1st April 2013, the Local Government Act 1988 (“LGFA 1988”) required non-domestic rates collected by local authorities to be paid over to the Secretary of State who then redistributes them. The operation of this pooling system was governed by Schedule 8 to the LGFA 1988. The Local Government Finance Act 2012 replaced this system in England with a system for the local retention of non-domestic rates. This Order makes provision for accounting arrangements for the transition between the two systems.