Social Welfare Consolidation Act 2005
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Priority debts to Social Insurance Fund in a company winding-up. [1993 s15(1); 1997 s35 & Sch G] |
18.—For the purposes of section 285 (2)(e) of the Companies Act 1963 — | |
(a) the amount referred to in that subsection is deemed to include any amount— | ||
(i) which, apart from Article 9 of the Regulations of 1996 would otherwise have been an amount due at the relevant date in respect of sums which an employer is liable under Chapter 2 or 3 of Part 2 and any regulation thereunder (other than the said Article 9) to deduct from reckonable earnings or reckonable emoluments, to which those Chapters apply, paid by the employer during the period of 12 months next before the relevant date, and | ||
(ii) with the addition of any interest payable under Article 10 of the Regulations of 1996, | ||
and | ||
(b) notwithstanding subsection (1) of section 285 of the Companies Act 1963 , the relevant date is deemed to be the date which is the ninth day after the end of the income tax month in which the relevant date (within the meaning of that subsection) occurred. |