SCHEDULES

SCHEDULE 32Accelerated payments and partnerships

8Withdrawal, suspension or modification of partner payment notices

1

Section 227 (withdrawal, modification or suspension of accelerated payment notice) applies in relation to a relevant partner, a partner payment notice, Condition C in paragraph 3 and an accelerated partner payment as it applies in relation to P, an accelerated payment notice, Condition C in section 219 and an accelerated payment.

2

Accordingly, for this purpose—

a

section 227(6)(b) and (7)(a) has effect as if the references to section 220(6) were to paragraph 4(5) of this Schedule, and

b

the provisions listed in section 227(9) are to be read as including paragraph 6(5) of this Schedule.