# The Railway (Licensing of Railway Undertakings) Regulations 2005, Paragraph 8

Extent: E+W+S

The ORR shall not find the railway undertaking to be financially fit if the railway undertaking has considerable or recurrent arrears of taxes or social security payments which are owed as a result of the undertaking's activity.

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Source: https://www.legislation.gov.uk/uksi/2005/3050/schedule/2/paragraph/8 (the official version)
Page: https://openlegislation.uk/railway-licensing-of-railway-undertakings-regulations-2005/schedule-2/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.