LegalizeThe Distraint by Collectors (Fees, Costs and Charges) (Amendment) Regulations 1995
Made: 17th August 1995
Laid before the House of Commons: 18th August 1995
Coming into force: 8th September 1995
The Treasury, in exercise of the powers conferred on them by section 61(6) of the Taxes Management Act 1970[^f00001], hereby make the following Regulations:
1
These Regulations may be cited as the Distraint by Collectors (Fees, Costs and Charges) (Amendment) Regulations 1995 and shall come into force on 8th September 1995.
2
- (1) The Distraint by Collectors (Fees, Costs and Charges) Regulations 1994[^f00002] shall be amended in accordance with paragraphs (2) and (3) below.
- (2) In the Schedule to those Regulations for the words “The reasonable fees incurred” there shall be substituted the words “A sum not exceeding £12.50”.
- (3) In the Schedule to those Regulations for the entries in the Table under the heading “4. Sale” there shall be substituted—
| Where the sale is held on the auctioneer’s premises, for the auctioneer’s commission (to include all out-of-pocket expenses other than charges for advertising, removal and storage). | 15 per cent. on the sum realised plus the reasonable costs of advertising, removal and storage. |
|---|---|
| Where the sale is held on the debtor’s premises, for the auctioneer’s commission (not to include out-of-pocket expenses or charges for advertising). | 7½ per cent. on the sum realised plus out-of-pocket expenses actually and reasonably incurred and the reasonable costs of advertising. |
Signed
Simon Burns — David Willetts — Two of the Lords Commissioners of Her Majesty’s Treasury — 17th August 1995
Explanatory note
(This note is not part of the Regulations)
These Regulations amend the Distraint by Collectors (Fees, Costs and Charges) Regulations 1994 (S.I. 1994/236). They make new provision with respect to the fees chargeable on or in connection with the levying of distress where a visit is made to premises, and with respect to the costs and charges recoverable where distress has been levied, and goods are subsequently sold.
Footnotes
[^f00001]: 1970 c. 9; section 61(6) was inserted by section 152(6) of the Finance Act 1989 (c. 26).
[^f00002]: S.I. 1994/236.
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