SCHEDULES

SCHEDULE 11Administration, collection and enforcement

General

1

1

VAT shall be under the care and management of the Commissioners.

2

All money and securities for money collected or received for or on account of VAT shall—

a

if collected or received in Great Britain, be placed to the general account of the Commissioners kept at the Bank of England under section 17 of the Management Act;

b

if collected or received in Northern Ireland, be paid into the Consolidated Fund of the United Kingdom in such manner as the Treasury may direct.