Part 1 Recovery
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 10 Plastic Packaging Tax: Recovery and Overpayments

Section 61

Part 1 Recovery

Recovery as a debt due

1

Plastic packaging tax is recoverable as a debt due to the Crown.

Assessments of amounts of plastic packaging tax due

2

(1)     Sub-paragraph (2) applies where it appears to the Commissioners—

(a)     that any period is an accounting period by reference to which a person who is registered or who is liable to be registered is liable to pay plastic packaging tax,

(b)     that an amount of plastic packaging tax for which that person is liable to account by reference to that period has become due, and

(c)     that there has been a relevant default by that person (see sub-paragraph (3)).

(2)     The Commissioners—

(a)     may—

(i)     in a case where the amount of plastic packaging tax due from the person for that period cannot be ascertained, assess the amount due from the person for that period to the best of their judgement;

(ii)     in any other case, assess the amount due from the person for that period, and

(b)     where such an assessment is made, must notify the person of that amount.

(3)     The following are “relevant defaults”—

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Introduction to passing off

Unlike many other countries, the UK has no unfair competition law. Brand owners seeking to prevent competitors from marketing ‘copycat’ products or using misleading advertising have to rely on a combination of different intellectual property rights. These rights include the common law right to

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

Debt for equity swaps

Debt for equity swapsA popular restructuring method is a debt for equity swap; financial creditors receive equity in the restructured vehicle in return for reducing or cancelling their debt claims against the company (and the rest of the group).Many highly levered deals have thin equity cushions and

LEXISNEXIS

Interim injunctions—the American Cyanamid guidelines

Interim injunctions—the American Cyanamid guidelinesThis Practice Note is concerned with substantive interim injunctions, which are a particular species of injunction granted on a temporary basis ahead of trial. As set out below, there are different considerations depending on whether the interim