Amount of levy (section 8)
10 Amount of levy (section 8)
The amount of the levy for any premises for any financial year is the sum of the amounts determined in accordance with the following formula in relation to each parking space on the premises—
where—
A represents the amount payable in relation to the parking space.
B represents the base rate of the levy for the premises for that year.
N represents the number of days during the previous financial year for which—
the premises were in a leviable district, and
the parking space was in existence, and
the parking space was not an exempt parking space.
Y represents the number of days in the previous financial year (365 or 366, as the case may be).
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