SCHEDULES
SCHEDULE 41Companies in administration
Responsibility of officers of company in administration
2
1
Section 108 of the Taxes Management Act 1970 (c. 9) (responsibility of company officers) is amended as follows.
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.