CISR17210 - The Scheme: secondary legislation: regulation 20

This regulation deals with reverse premiums.

Subject to para (2) a payment under a construction contract is not a contract payment if the payment is a reverse premium within the meaning of FA99/SCH6 or ITTOIA05/S99:SI2005/2045 reg 20(1).

Para 5 of FA99/SCH6 does not apply for the purposes of (1): SI2005/2045 reg 20(2).

ENABLING PROVISION – FA04/S60 (7)