Regulation 97A Interpretation of Chapter 4F1

In this Chapter—

• “HM Revenue and Customs” means Her Majesty’s Revenue and Customs;

• “lower amount” means the amount mentioned in regulation 97C(5);

• “managed service company” has the meaning given by section 61B of ITEPA;

• “paragraph (b) associate” means a person who—

  1. (a)

     is within section 688A(2)(d), and

  2. (b)

     is within that provision by virtue of a connection with a person who is within section 688A(2)(b);

• “paragraph (c) associate” means a person who—

  1. (a)

     is within section 688A(2)(d), and

  2. (b)

     is within that provision by virtue of a connection with a person who is within section 688A(2)(c);

• “qualifying period” means a tax period beginning on or after 6th August 2007;

• F2“relevant apprenticeship levy debt” means a debt specified in regulation 97B;

• “relevant PAYE debt” means a debt specified in regulation 97B;

• “specified amount” means the amount mentioned in regulation 97C(1)(b);

• “transfer notice” means the notice mentioned in regulation 97C(4);

• “transferee” means the person mentioned in regulation 97C(4).

In this Chapter references to section 688A, however expressed, are references to section 688A of ITEPA.