SCHEDULES
C1 SCHEDULE 7 Insurance premium tax
Part III Recovery
Recovery of tax etc.
7
1
Tax due from any person shall be recoverable as a debt due to the Crown.
F22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F43
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F44
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F45
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
F3In the M1Insolvency (Northern Ireland) Order 1989, in Article 346(1) (preferential debts) the words “
insurance premium tax
” shall be inserted after “VAT” and in Schedule 4 (categories of preferential debts) the following paragraph shall be inserted after paragraph 3—
3A
Any insurance premium tax which is referable to the period of 6 months next before the relevant date (which period is referred to below as “the 6-month period”).
For the purposes of this paragraph—
a
where the whole of the accounting period to which any insurance premium tax is attributable falls within the 6-month period, the whole amount of that tax is referable to that period; and
b
in any other case the amount of any insurance premium tax which is referable to the 6-month period is the proportion of the tax which is equal to such proportion (if any) of the accounting period in question as falls within the 6-month period;
and references here to accounting periods shall be construed in accordance with Part III of the Finance Act 1994.
F17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F110
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F111
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F112
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sch. 7 extended (19.3.1997) by 1997 c. 16, s. 50, Sch. 5 Pt. I paras. 1, 4(2)