The Enterprise Act 2002 (Insolvency) Order 2003 No. 2096

SCHEDULE

PART 1 PRIMARY 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;”, and

(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;”.