Section 52 Bad debts.
United Kingdom
Regulations may be made under section 51 above with a view to securing that a person is entitled to credit if—
he carries out a taxable activity F1at a landfill site as a result of which he becomes entitled to a debt which turns out to be bad (in whole or in part), and
such other conditions as may be prescribed are fulfilled.
The regulations may include provision under section 51(5)(b) or (c) above requiring repayment or payment if it turns out that it was not justified to regard a debt as bad (or to regard it as bad to the extent that it was so regarded).
The regulations may include provision for determining whether, and to what extent, a debt is to be taken to be bad.
Annotations
Textual amendments
- F1
Words in s. 52(1)(a) inserted (with effect in accordance with s. 42(2), Sch. 12 para. 29(1) of the amending Act) by Finance Act 2018 (c. 3), Sch. 12 para. 12
Notes on Part III
Modifications
- C1
Pt. III (ss. 39-71 applied (29.4.1996) by 1986 c. 45, Sch. 6 paras. 3B, 8B (as inserted (29.4.1996) by 1996 c. 8, s. 60, Sch. 5 Pt. III para. 12)
Pt. III (ss. 39-71) applied (31.7.1998) by 1998 c. 36, s. 148(4)
- C2
Pt. 3 saving for effect of 2012 c. 11, s. 31 (with application in accordance with art. 7 of the amending S.I.) by The Devolution of Landfill Tax (Consequential, Transitional and Saving Provisions) Order 2015 (S.I. 2015/599), art. 6
- C3
Pt. 3 modified (1.4.2018) by Finance Act 2018 (c. 3), Sch. 12 paras. 31, 34