# Finance Act 2020, Section 99: HMRC debts: regulations


(1) The Treasury may by regulations provide that only the following amounts are secondary preferential debts (or, in relation to Scotland, secondary preferred debts) for the purpose of a relevant provision—
(a) in the case of amounts owed in respect of value added tax, amounts referable to such period as is specified in the regulations;
(b) in the case of amounts owed in respect of a relevant deduction, amounts owed in respect of a deduction from a payment made during such period as is specified in the regulations.
(2) In subsection (1) “relevant provision” means—
(a) paragraph 15D(1) of Schedule 6 to the Insolvency Act 1986 (preferential debts: certain HMRC debts);
(b) paragraph 8A(1) of Schedule 3 to the Bankruptcy (Scotland) Act 2016 (asp 21) (list of preferred debts: certain HMRC debts);
(c) paragraph 22(1) of Schedule 4 to the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)) (preferential debts: certain HMRC debts).
(3) The Treasury may by regulations specify kinds of deductions for the purposes of—
(a) paragraph 15D(3)(c) of Schedule 6 to the Insolvency Act 1986;
(b) paragraph 8A(3)(c) of Schedule 3 to the Bankruptcy (Scotland) Act 2016 (asp 21);
(c) paragraph 22(3)(c) of Schedule 4 to the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)).
(4) Regulations under this section may contain transitional or supplementary provision.
(5) Regulations under this section—
(a) are to be made by statutory instrument;
(b) are subject to annulment in pursuance of a resolution of the House of Commons.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/section/99 (the official version)
Page: https://openlegislation.uk/finance-act-2020/section-99
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.