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SCHEDULE 3SPREFERRED DEBTS

PART 1SList of preferred debts

Remuneration of employees etc.S

2(1)So much of any amount which—S

(a)is owed by the debtor to a person who is or has been an employee of the debtor, and

(b)is payable by way of remuneration in respect of the whole or any part of the 4 months which immediately precedes the relevant date,

as does not exceed the prescribed amount.

(2)An amount owed by way of accrued holiday remuneration, in respect of any period of employment before the relevant date, to a person whose employment by the debtor has been terminated (whether before, on or after that date).

(3)So much of any amount owed in respect of money advanced for the purpose as has been applied for the payment of a debt which, if it had not been paid, would have been a debt falling within sub-paragraph (1) or (2).

Commencement Information

I1Sch. 3 para. 2 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2

3SSo much of any amount which—

(a)is ordered, whether before or after the relevant date, to be paid by the debtor under the Reserve Forces (Safeguard of Employment) Act 1985, and

(b)is so ordered in respect of a default made by the debtor before that date in the discharge of the debtor's obligations under that Act,

as does not exceed such amount as may be prescribed.

Commencement Information

I2Sch. 3 para. 3 in force at 30.11.2016 by S.S.I. 2016/294, reg. 2