SCHEDULES

SCHEDULE 32Accelerated payments and partnerships

Withdrawal, suspension or modification of partner payment notices

8(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.