13.—(1) Subject to paragraph (2), the tax credit or element shall be paid by way of a credit to a bank account or other account notified to the Board by the person to whom payment is to be made.
(2) Where [F1it does not appear to the Board to be appropriate] for the tax credit or element to be paid by way of a credit to a bank account or other account notified to the Board by the person to whom payment is to be made, the tax credit or element may be paid in such manner as appears to the Board to be appropriate.
(3) Subject to regulation 14, if no bank account or other account has been notified to the Board, the tax credit or element shall be paid in such manner as appears to the Board to be appropriate.
Textual Amendments
F1Words in reg. 13(2) substituted (6.4.2003) by The Tax Credits (Claims and Notifications and Payments by the Board) (Amendment) Regulations 2003 (S.I. 2003/723), regs. 1, 11