SCHEDULES

SCHEDULE 8U.K.Enforcement by deduction from accounts

PART 1 E+W+N.I.Scheme for enforcement by deduction from accounts

Defined termsE+W+N.I.

23(1)In this Part of this Schedule—E+W+N.I.

  • “affected account” has the meaning given by paragraph 6(7);

  • “the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs;

  • “contract settlement” means an agreement made in connection with any person's liability to make a payment to the Commissioners under or by virtue of an enactment;

  • “deduction notice” has the meaning given by paragraph 13;

  • “deposit-taker” means a person who may lawfully accept deposits in the United Kingdom in the course of a business (see sub-paragraph (2));

  • “HMRC” means Her Majesty's Revenue and Customs;

  • “hold notice” has the meaning given by paragraph 4;

  • “information notice” has the meaning given by paragraph 3;

  • “interested third party”, in relation to a relevant account, has the meaning given by paragraph 8(11);

  • “joint account”, in relation to a person, means an account held by the person and one or more other persons;

  • “notice” means notice in writing;

  • “notified sum”, in relation to a hold notice, has the meaning given by paragraph 8(8);

  • “prescribed” means prescribed by regulations made by the Commissioners;

  • “relevant account” (in relation to a hold notice) has the meaning given by paragraph 6(6);

  • “relevant sum”, in relation to a person, has the meaning given by paragraph 2(1);

  • “the safeguarded amount” (in relation to a hold notice) means the amount specified as the safeguarded amount in the notice (see paragraph 4(2)(c));

  • “the specified amount” (in relation to a hold notice) means the amount specified as such in the notice (see paragraph 4(2)(b));

  • “suspense account” has the meaning given by paragraph 6(3)(b)(i);

  • “the tribunal” means the First-tier Tribunal;

  • “working day” means a day other than—

    (a)

    Saturday or Sunday,

    (b)

    Christmas Eve, Christmas Day or Good Friday, or

    (c)

    a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in England and Wales or Northern Ireland.

(2)The definition of “deposit-taker” in sub-paragraph (1) is to be read with—

(a)section 22 of the Financial Services and Markets Act 2000 (regulated activities),

(b)any relevant order under that section, and

(c)Schedule 2 to that Act.