Section 251

The following paragraphs of Schedule 6 to the Insolvency Act 1986 (categories of preferential debts) shall cease to have effect— paragraphs 1 and 2 (debts due to Inland Revenue), paragraphs 3 to 5C(debts due to Customs and Excise), and paragraphs 6 and 7(social security contributions). The following paragraphs of Schedule 3 to the Bankruptcy (Scotland) Act 1985 (c. 66) (list of preferred debts) shall cease to have effect— paragraph 1 (debts due to Inland Revenue), paragraph 2 (debts due to Customs and Excise), and paragraph 3 (social security contributions). In section 386 of the Insolvency Act 1986 (categories of preferential debts) for the parenthetical words after “Schedule 6 to this Act” there shall be substituted “ (contributions to occupational pension schemes; remuneration, &c. of employees; levies on coal and steel production) ”.

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Source: legislation.gov.uk · retrieved 2026-09-04