Annex A

CHAPTER 40 – ANNEX A – ADDITIONAL PREFERENTIAL DEBTS WHERE INSOLVENCY PETITION WAS PRESENTED BEFORE 15 SEPTEMBER 2003

The following is a summary of those debts that were considered to have preferential status where an insolvency petition was presented prior to 15 September 2003.

It should be noted that those preferential debts detailed in Part 4 are also preferential for cases made in relation to an insolvency order made on a petition presented prior to 15 September 2013.

 

Debt type

Guidance

Extent of preferential debt

 

Value Added Tax

Chapter 78

Tax due for a period of six months prior to order

PAYE deductions

Chapter 77, Part 3

Amounts due for a period of 12 months prior to the order

Classes 1 and 2 National Insurance Contributions

Chapter 77, Part 5

Contributions due in 12 months prior to order

Class 4 National Insurance Contributions

Chapter 77, Part 5

Assessed on bankrupt up to 5 April before order and not exceeding one year’s assessment.

Air passenger duty

paragraph 40.34

Duty due in six months prior to order

Betting/gaming duty

paragraph 40.33  

Duty due in 12 months prior to order

Excise duty

paragraph 40.33  

Duty due in 6 months prior to order