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(Chancery Division, His Honour Judge
The liability to pay non-domestic rates is a single liability for the whole of the relevant chargeable financial year, notwithstanding that such liability may be discharged in instalments. Such liability falls within the definition of ‘debt’ in r 13.12 IR. In consequence, a local authority was bound by a Company Voluntary Arrangement (CVA) containing r3’s standard terms (condition 20 of which incorporates r 13.12 IR) in respect of the entire year’s liability and could not take steps to recover instalments falling due for payment after the CVA was approved.
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Explains the impact on ancillary relief of bankruptcy and personal insolvency