FINANCE BILL 2001
CLAUSE 38: DEATH AND INCAPACITY
SUMMARY
1. This clause enables the Commissioners of Customs and Excise to make regulations concerning certain relevant requirements which must be fulfilled by a person carrying on the business of an individual who has died or become incapacitated.
DETAILS OF THE CLAUSE
2. Subsection (1) provides the regulation making power for the application of the aggregates levy rules to cases where a person carries on the business of an individual who has died or become incapacitated.
3. Subsection (2) sets out the provisions that may be contained in regulations, which include the requirement for the person carrying on the business to inform the Commissioners of this fact and of the event that has led to his carrying on the business, provision allowing that person to be treated for a limited time as if he were the person who has died or become incapacitated and any other provision as the Commissioners think fit to ensure continuity.