SCHEDULES
SCHEDULE 7Insurance premium tax
Part VIMiscellaneous
Destination of receipts
32
All money and securities for money collected or received for or on account of the tax 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 [1979 c. 2.] Customs and Excise Management Act 1979;
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.