SCHEDULE 3 PREFERRED DEBTS
Part II Interpretation of Part I
F1 Periods to which climate change levy referable
8C
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Periods to which aggregates levy referable
F38D
(1)
For the purpose of paragraph 2(1D) of Part 1 of this Schedule—
(a)
where the whole of the accounting period to which any aggregates levy is attributable falls within the period of six months next before the relevant date (’the relevant period’), the whole amount of that levy shall be referable to the relevant period; and
(b)
in any other case the amount of any aggregates levy which shall be referable to the relevant period shall be the proportion of the levy which is equal to such proportion (if any) of the accounting period in question as falls within the relevant period.
(2)
In sub-paragraph (1) above ’accounting period’ shall be construed in accordance with Part 2 of the Finance Act 2001.