Abolition of Crown preference
This section has no associated Explanatory Memorandum
6.—(1) The following paragraphs of Schedule 4 to the 1989 Order (categories of preferential debts) shall cease to have effect—
(a)paragraphs 1 and 2 (debts due to Inland Revenue),
(b)paragraphs 3 to 5C (debts due to Customs and Excise), and
(c)paragraphs 6 and 7 (social security contributions).
(2) In Article 346 of the 1989 Order (categories of preferential debts) in paragraph (1) for the parenthetical words after “Schedule 4” there shall be substituted “(contributions to occupational pension schemes; remuneration, &c. of employees; levies on coal and steel production)”.