Schedule 41 | Companies in administration

Accounting period for company in administration

(1)Repealed^F1

Responsibility of officers of company in administration

(1)Section 108 of the Taxes Management Act 1970 (c. 9) (responsibility of company officers) is amended as follows.

(2)In subsection (3)(a)—

(a)after first “liquidator” insert “ or administrator ”, and

(b)after second “liquidator” insert “ or, as the case may be, administrator ”.

(3)After subsection (3) insert—

(4)For the purposes of subsection (3)(a), where two or more persons are appointed to act jointly or concurrently as the administrator of a company, the proper officer is—

(a)such one of them as is specified in a notice given to the Board by those persons for the purposes of this section, or

(b)where the Board is not so notified, such one or more of those persons as the Board may designate as the proper officer for those purposes.

.

Tax on companies in administration

(3)Repealed^F2

Debit for bad debt where parties connected and creditor insolvent

(4)Repealed^F3

Commencement

(1)Subject to sub-paragraph (2), this Schedule has effect in relation to companies which enter administration (whether under the Insolvency Act 1986 (c. 45) or otherwise) on or after the commencement of section 248 of the Enterprise Act 2002 (c. 40) (which substitutes Part 2 of the Insolvency Act 1986 (administration)).

(2)Repealed^F4