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.