OpenLegislation

Paragraph 701

(1)

Amend section 1319 (other definitions) as follows.

(2)

Omit the following definitions—

  • “basic rate”,

  • “charity”,

  • “non-UK resident”,

  • “retail prices index”,

  • “tax year”,

  • “the tax year 2009-10”, and

  • “UK resident”.

(3)

At the appropriate place insert—

““statutory insolvency arrangement” means—

(a)

a voluntary arrangement that has taken effect under, or as a result of, the Insolvency Act 1986, Schedule 4 or 5 to the Bankruptcy (Scotland) Act 1985 or the Insolvency (Northern Ireland) Order 1989,

(b)

a compromise or arrangement that has taken effect under Part 26 of the Companies Act 2006, or

(c)

an arrangement or compromise of a kind corresponding to any of those mentioned in paragraph (a) or (b) that has taken effect under, or as a result of, the law of a country or territory outside the United Kingdom,”.