Section 24 Bank’s administrative costsI1I2
England and Wales
(1)
A direct deduction order may include provision for the bank to deduct from the liable person’s account an amount specified in, or calculated in accordance with, the order, for the purposes of meeting costs reasonably incurred by the bank in complying with the order.
(2)
A bank may deduct the costs to which they are entitled under a direct deduction order immediately prior to making the deduction which is to be paid to the Minister under the order.
Annotations
Commencement
- I1
S. 24 not in force at Royal Assent, see s. 109(1)
- I2
S. 24 in force at 1.4.2026 by S.I. 2026/371, reg. 2(a)