Related Commentary  Related HMRC Manuals

131(1)  This section applies where–

(a)an insolvency procedure has been applied to a person, and

(b)there is a post-insolvency credit in relation to that person.

131(2)  The Commissioners may not use the power under section 130 to set that post-insolvency credit against a pre-insolvency debit in relation to the person.

131(3)  “Post-insolvency credit” means a credit that–

(a)became due after the insolvency procedure was applied to the person, and

(b)relates to, or to matters occurring at, times after it was so applied.

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