SCHEDULE 3PREFERRED DEBTS
PART 1List of preferred debts
F1Certain HMRC debts
8A
1
Any amount owed at the relevant date by the debtor to the Commissioners in respect of—
a
value added tax, or
b
a relevant deduction.
2
In sub-paragraph (1), the reference to “any amount” is subject to any regulations under section 99(1) of the Finance Act 2020.
3
For the purposes of sub-paragraph (1)(b) a deduction is “relevant” if—
a
the debtor is required, by virtue of an enactment, to make the deduction from a payment made to another person and to pay an amount to the Commissioners on account of the deduction,
b
the payment to the Commissioners is credited against any liabilities of the other person, and
c
the deduction is of a kind specified in regulations under section 99(3) of the Finance Act 2020.
4
In this paragraph “the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs.
Sch. 3 para. 8A and cross-heading inserted (with application in accordance with s. 98(7) of the amending Act) by Finance Act 2020 (c. 14), s. 98(4)