Part 2: Revenue collection contracts Section 26: Revenue collection counterparties: transfer schemes
This section sets out the process by which the property, rights and liabilities of the revenue collection counterparty may be transferred from one counterparty to another, should this prove necessary either because a counterparty no longer wishes to be designated, or because it has become inappropriate for a counterparty to be designated in this role. Under subsection (7), a scheme may provide for compensation to be paid by the Secretary of State to persons whose interests are adversely affected by a scheme.
	Subsections (1) to (4) allow the Secretary of State to make transfer schemes for the transfer of a revenue collection counterparty’s designated property, rights or liabilities to a new body who will take on the role. This will take place on a designated transfer date.
	Subsections (5) to (6) describe the types of provision that may be included in a transfer scheme, clarifying their scope and application.
	Subsection (8) makes provision relating to the scope of the Secretary of State’s powers to make a transfer scheme, such as that a scheme can include incidental, supplementary or consequential provision, and can make different provision for different purposes. Subsection (9) defines the terms for this section.