Category 1: Debts due to Inland RevenueE+W+S
1Sums due at the relevant date from the debtor on account of deductions of income tax from emoluments paid during the period of 12 months next before that date.
The deductions here referred to are those which the debtor was liable to make under section [F1203 of the Income and Corporation Taxes Act 1988] (pay as you earn), less the amount of the repayments of income tax which the debtor was liable to make during that period.
Textual Amendments
F1Words substituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844, Sch. 29 para. 32, Sch. 30 para. 6(1)
2Sums due to the relevant date from the debtor in respect of such deductions as are required to be made by the debtor for that period under section [F2559 of the Income and Corporation Taxes Act 1988] (sub-contractors in the construction industry).
Textual Amendments
F2Words subsituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844, Sch. 29 para. 32, Sch. 30 para. 6(1)