SCHEDULES

SCHEDULE 6Consequential Amendments

Part 2Other enactments

Insolvency Act 1986 (c. 45)

154

In paragraph 1 of Schedule 6 to the Insolvency Act 1986 (the categories of preferential debts)—

a

for “emoluments” substitute “ taxable earnings (as defined by section 10 of the Income Tax (Earnings and Pensions) Act 2003) ”; and

b

for “section 203 of the Income and Corporation Taxes Act 1988 (pay as you earn)” substitute “ PAYE regulations ”.