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SCHEDULE

PART 1PRIMARY LEGISLATION

FINANCE ACT 2001

35.  The Finance Act 2001(1) shall be amended as follows.

36.  In section 37 (insolvency etc)—

(a)in subsection (7)(a) after “is made” insert “or an administrator is appointed”, and

(b)in subsection (9)(a) for “section 8 of” substitute “Schedule B1 to”.

37.  In paragraph 11 of Schedule 8 (aggregates levy: repayments and credits)—

(a)in sub-paragraph (2)(a) after “is made” insert “or an administrator is appointed”,

(b)in sub-paragraph (3)(a)—

(i)omit “, administration order”, and

(ii)after “sequestration” insert “or the appointment of an administrator”,

(c)for sub-paragraph (3)(b)(i) substitute—

(i)immediately upon the appointment of an administrator in respect of the person ceasing to have effect;, and

(d)in sub-paragraph (5) in the definition of “administration order” for “section 8 of” substitute “Schedule B1 to”.