NDR definition
Examples of NDR in a sentence
Under the legislative framework for the Collection Fund, billing authorities, major preceptors and central government share proportionately the risks and rewards that the amount of council tax and NDR collected could be less or more than predicted.
Billing authorities are required by statute to maintain a separate fund (i.e. the Collection Fund) for the collection and distribution of amounts due in respect of council tax and NDR.
Billing authorities act as agents, collecting council tax and non-domestic rates (NDR) on behalf of the major preceptors (including government for NDR) and, as principals, collecting council tax and NDR for themselves.
However, regulations determine the amount of council tax and NDR that must be included in the Council’s General Fund.
However, regulations determine the amount of council tax and NDR that must be included in the authority’s General Fund.