Paragraph 58

(1)

Subject to sub-paragraph (2), in respect of a person who is receiving, or who has received, assistance under the self-employment route, any payment to that person—

(a)

to meet expenses wholly and necessarily incurred whilst carrying on the commercial activity;

(b)

which is used or intended to be used to maintain repayments on a loan taken out by that person for the purpose of establishing or carrying on the commercial activity,

in respect of which such assistance is or was received.

(2)

Sub-paragraph (1) shall apply only in respect of payments which are paid to that person from the special accountF1...M1.

Annotations

Textual amendments

F1: Words in Sch. 4 para. 58(2) omitted (1.4.2010 for specified purposes, 5.4.2010 in so far as not already in force) by virtue of The Social Security (Miscellaneous Amendments) (No. 2) Regulations 2010 (S.I. 2010/641), regs. 1(3)(c), 10(10)(b)

Marginal citations

M1: Chapter 4A was inserted by S.I.1998/1174.

Notes on Schedule 4

Modifications

C1: Sch. 4 modified (22.11.2010) by The Jobseekers Allowance (Work for Your Benefit Pilot Scheme) Regulations 2010 (S.I. 2010/1222), regs. 1(2), 16