{
  "url": "https://openlegislation.uk/insolvency-act-1986-hmrc-debts-priority-on-insolvency-regulations-2020/note",
  "json_url": "https://openlegislation.uk/insolvency-act-1986-hmrc-debts-priority-on-insolvency-regulations-2020/note.json",
  "legislation": "uksi/2020/983",
  "legislation_title": "The Insolvency Act 1986 (HMRC Debts: Priority on Insolvency) Regulations 2020",
  "legislation_url": "https://openlegislation.uk/insolvency-act-1986-hmrc-debts-priority-on-insolvency-regulations-2020",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThe Finance Act 2020 amends the Insolvency Act 1986, the Bankruptcy (Scotland) Act 2016 and the Insolvency (Northern Ireland) Order 1989 to make provision for certain debts owed to Her Majesty’s Revenue and Customs to be included in a category of preferential debt (or, in Scotland, preferred debt) for insolvency purposes. The amounts are those in respect of value added tax or a relevant deduction. A deduction is a relevant deduction if certain conditions are met. One of those conditions is that the deduction is of a kind specified in regulations. These Regulations specify the deductions listed in regulation 2 for those purposes.\nA Tax Information and Impact Note covering this instrument was published on 11 March 2020 alongside the draft legislation and is available on the website at https://www.gov.uk/government/publications/introduction-of-changes-to-protect-your-tax-in-insolvency/introduction-of-changes-to-protect-your-tax-in-insolvency. It remains an accurate summary of the impacts that apply to this instrument.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2020/983/note",
    "retrieved_at": "2026-10-28T22:25:44.714620+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}