SCHEDULE
PART 1PRIMARY LEGISLATION
VALUE ADDED TAX ACT 1994
26
In section 81 (interest given by way of credit and set-off of credits)—
a
in subsection (4B) for paragraph (a) substitute—
a
when a bankruptcy order or winding-up order or award of sequestration is made or an administrator is appointed in relation to that person;
b
in subsection (4C)—
i
in paragraph (a) omit “, administration order”,
ii
in paragraph (a) after “sequestration” insert “or the appointment of an administrator”, and
iii
for paragraph (b)(i) substitute—
i
immediately upon the appointment of an administrator in respect of the person ceasing to have effect;