SCHEDULES
C1 SCHEDULE 12Taking control of goods
Annotations:
Modifications etc. (not altering text)
Part 1Introductory
The procedure
1
1
Using the procedure in this Schedule to recover a sum means taking control of goods and selling them to recover that sum in accordance with this Schedule and regulations under it.
2
In this Schedule a power to use the procedure to recover a particular sum is called an “enforcement power”.
3
The following apply in relation to an enforcement power.
4
“Debt” means the sum recoverable.
5
“Debtor” means the person liable to pay the debt or, if two or more persons are jointly or jointly and severally liable, any one or more of them.
6
“Creditor” means the person for whom the debt is recoverable.
Sch. 12 applied (prosp.) by Finance Act 2008 (c. 9), ss. 127(2), 129(4)