[F1554Z17Employer etc to be treated as relevant third person etcU.K.
(1)If B takes a step within section 554Z18 or 554Z19, Chapters 1 and 2 have effect in relation to the step—
(a)as if B were a relevant third person for the purposes of section 554A(1)(d), and
(b)as if the step were a relevant step within section 554B (if it would not otherwise be).
(2)For the purpose of determining whether Chapter 2 applies by reason of the step, Chapter 1 has effect—
(a)as if sections 554F to 554O, 554S to 554U, 554W and 554X were omitted,
(b)if the step is within section 554Z18, as if sections 554Q(2)(d), (3) and (4) and 554R(1)(c) and (d), (2) and (3) were omitted, and
(c)if the step is within section 554Z19, as if sections 554Q and 554R were omitted.
(3)If Chapter 2 applies by reason of the step, Chapter 2 has effect as if sections 554Z7 to 554Z12 were omitted.
(4)If Chapter 2 does not apply by reason of the step by virtue of section 554E(3) or (6), section 554E(10) and (11) does not apply in relation to the step.
(5)For further modifications of Chapters 1 and 2, see sections 554Z18(3) and (4), 554Z19(5) and (6), 554Z20 and 554Z21.
(6)Regulations under section 554Y may (in particular) make provision covering cases in which Chapters 1 and 2 have effect as provided for by this section.
(7)In this Chapter—
(a)references to B do not include references to B acting as a trustee,
(b)if B is a company and is a member of a group of companies, references to B are to be read as including references to any other company which is a member of that group, and
(c)if B is a limited liability partnership, references to B are to be read as including references to any company which is a wholly-owned subsidiary (as defined in section 1159(2) of the Companies Act 2006) of B.]
Textual Amendments
F1Pt. 7A inserted (with effect in accordance with Sch. 2 paras. 52-59 of the amending Act) by Finance Act 2011 (c. 11), Sch. 2 para. 1