A reference in this Act to the preferential debts of a company or an individual is to the debts listed in Schedule 6 to this Act (money owed to the Inland Revenue for income tax deducted at source; VAT, F1insurance premium tax,F2landfill tax,F3climate change levy,[F4aggregates levy,]car tax, betting and gaming duties F5,beer dutyF6, lottery dutyF7, air passenger duty; social security and pension scheme contributions; remuneration etc. of employees F8;levies on coal and steel production); and references to preferential creditors are to be read accordingly.

In that Schedule “the debtor” means the company or the individual concerned.

Schedule 6 is to be read with F9Schedule 4 to the Pension Schemes Act 1993(occupational pension scheme contributions).