Part XIIE+W+S Preferential debts in Company and Individual Insolvency

Modifications etc. (not altering text)

C1Pt. XII (ss. 386, 387) extended with modifications by Building Societies Act 1986 (c. 53, SIF 16), ss. 54(3)(a)(5)(a), 90, 126(3), Sch. 15

Pt. XII (ss.386, 387) applied (with modifications) (1.2.1993) by Friendly Societies Act 1992 (c. 40), ss. 21(1), 22, 23, Sch. 10 Pt. I para. 1(a) (with ss. 7(5), 93(4)); S.I. 1993/16, art. 2, Sch.3

Pt. XII (ss. 386, 387) modified (1.2.1993) by Friendly Societies Act 1992 (c. 40), s. 23, Sch. 10 Pt. I para. 1(a) (with ss. 7(5), 93(4)); S.I. 1993/16, art. 2, Sch.3

Pt. XII (ss. 386-387) applied (1.12.1994) by S.I. 1994/2421, art. 4(3)(c)

Pt. XII (ss. 386-387) applied (with modifications) (1.12.1994) by S.I. 1994/2421, art. 8(3)(4)(5)(8)(9), 10(2)(3)(6), Sch. 4 Pt. II, Sch. 7

C2Third Group of Parts (Pts. 12-19) applied to limited liability partnerships (with modifications) (E.W.S.) (6.4.2001) by S.I. 2001/1090, reg. 5, Schs. 3, 4 (as amended (4.3.2004) by S.I. 2004/355, art. 10 and (1.10.2005) by S.I. 2005/1989, reg. 3, Sch. 2 (with reg. 4))

386 Categories of preferential debts. E+W+S

(1)A reference in this Act to the preferential debts of a company or an individual is to the debts listed in Schedule 6 to this Act (money owed to the Inland Revenue for income tax deducted at source; VAT, car tax, betting and gaming duties; social security and pension scheme contributions; remuneration etc. of employees [F1;levies on coal and steel production]); and references to preferential creditors are to be read accordingly.

(2)In that Schedule “the debtor” means the company or the individual concerned.

(3)Schedule 6 is to be read with Schedule 3 to the M1Social Security Pensions Act 1975 (occupational pension scheme contributions).

Textual Amendments

F1Words inserted by S.I. 1987/2093, reg. 2(1)(3)

Modifications etc. (not altering text)

C3S.386 applied with modifications by S.I. 1986/1999, art. 3, Sch. 1 Pt. II

Marginal Citations