Part 7Administration
Chapter 5Payment and enforcement
Set off
C1130Set-off F1...
1
This section applies where there is both a credit and a debit in relation to a person.
2
The Commissioners may set the credit against the debit (subject to section 131 and any obligation of the Commissioners to set the credit against another sum).
3
The obligations of the Commissioners and the person concerned are discharged to the extent of any set-off under subsection (2).
4
“Credit”, in relation to a person, means—
a
a sum that is payable by the Commissioners to the person under or by virtue of an enactment, or
b
a relevant sum that may be repaid to the person by the Commissioners.
5
For the purposes of subsection (4), in relation to a person, “relevant sum” means a sum that was paid in connection with any liability (including any purported or anticipated liability) of that person to make a payment to the Commissioners under or by virtue of an enactment or under a contract settlement.
C26
“Debit”, in relation to a person, means a sum that is payable by the person to the Commissioners under or by virtue of an enactment or under a contract settlement.
7
In this section references to sums paid, repaid or payable by or to a person (however expressed) include sums that have been or are to be credited by or to a person.
8
This section has effect without prejudice to any other power of the Commissioners to set off amounts.
F29
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F310
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .