157 Certificates of tax deposit
Finance Act 1995 (1995 c 4) | Legislation

157  Certificates of tax deposit

(1)     If, whether before or after the passing of this Act—

(a)     any person (“the depositor”) has received any sum on the making, on or after 6th April 1990, of a withdrawal for cash of a tax deposit made before that date,

(b)     the whole or any part of any qualifying tax liability has been discharged by any payment made otherwise than by the application of a tax deposit, and

(c)     that payment was made in the period beginning one month before the withdrawal and ending one month afterwards,

the depositor shall be entitled to receive compensation under this section from the Board.

(2)     In this section “qualifying tax liability”, in relation to a tax deposit, means so much of any liability as is—

(a)     a liability of any person for any tax for the year 1990–91 or any subsequent year of assessment, or for interest on such tax;

(b)     a liability that relates to tax for a year of assessment during the whole or any part of which that person was married to the depositor; and

(c)     a liability of such a description that, if it had been a liability of the depositor

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