Point in time view as at 08/02/2023.
Finance Act 2003, Cross Heading: Responsibility of officers of company in administration is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2(1)Section 108 of the Taxes Management Act 1970 (c. 9) (responsibility of company officers) is amended as follows.U.K.
(2)In subsection (3)(a)—
(a)after first “liquidator” insert “ or administrator ”, and
(b)after second “liquidator” insert “ or, as the case may be, administrator ”.
(3)After subsection (3) insert—
“(4)For the purposes of subsection (3)(a), where two or more persons are appointed to act jointly or concurrently as the administrator of a company, the proper officer is—
(a)such one of them as is specified in a notice given to the Board by those persons for the purposes of this section, or
(b)where the Board is not so notified, such one or more of those persons as the Board may designate as the proper officer for those purposes.”.
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