In these Regulations—

• “claim” means a claim in accordance with regulations 3 and 4 of these Regulations for the refund of tax to which a person is entitled by virtue of section 11 of the Finance Act 1990;

• “claimant” means the person who makes a claim;

• “payment” means any payment or part-payment which is made by any person to the claiment by way of consideration for a supply regardless of whether such payment extinguishes the purchaser’s debt to the claimant or not;

• “purchaser” means a person to whom the claimant made a relevant supply;

• “refunds for bad debts account” has the meaning given in regulation 5;

• “relevant supply” means any taxable supply upon which a claim is based;

• “return” means the return which the claimant is required to make in accordance with regulation 58 of the Value Added Tax (General) Regulations 19853; and

• “security” means—

  1. a

     in relation to England, Wales and Northern Ireland, any mortgage, charge, lien or other security, and

  2. b

     in relation to Scotland, any security (whether heritable or moveable), any floating charge and any right of lien or preference and right of retention (other than a right of compensation or set-off).