C1Part III Landfill Tax
Annotations:
Modifications etc. (not altering text)
Credit
52 Bad debts.
1
Regulations may be made under section 51 above with a view to securing that a person is entitled to credit if—
a
he carries out a taxable activity as a result of which he becomes entitled to a debt which turns out to be bad (in whole or in part), and
b
such other conditions as may be prescribed are fulfilled.
2
The regulations may include provision under section 51(5)(b) or (c) above requiring repayment or payment if it turns out that it was not justified to regard a debt as bad (or to regard it as bad to the extent that it was so regarded).
3
The regulations may include provision for determining whether, and to what extent, a debt is to be taken to be bad.
Pt. III (ss. 39-71 applied (29.4.1996) by 1986 c. 45, Sch. 6 paras. 3B, 8B (as inserted (29.4.1996) by 1996 c. 8, s. 60, Sch. 5 Pt. III para. 12)
Pt. III (ss. 39-71) applied (31.7.1998) by 1998 c. 36, s. 148(4)