SCHEDULES
SCHEDULE 3PREFERRED DEBTS
PART IList of Preferred Debts
Social Security contributions
3
1
All sums which on the relevant date are due from the debtor on account of Class 1 or Class 2 contributions under the [1975 c. 15.] Social Security Act 1975 or the [1975 c. 15.] Social Security (Northern Ireland) Act 1975 and which became due from the debtor in the twelve months next before the relevant date.
2
All sums which on the relevant date have been assessed on and are due from the debtor on account of Class 4 contributions under either of the said Acts of 1975, being sums which—
a
are due to the Commissioners of Inland Revenue (rather than to the Secretary of State or a Northern Ireland department) ; and
b
are assessed on the debtor up to 5th April next before the relevant date,
but not exceeding, in the whole, any one year's assessment.