In this Part—

• F5“API platform” means the application programming interface that enables electronic communication with HMRC, as specified by the Commissioners in a specific or general direction;

• F5“functional compatible software” means a software program or set of compatible software programs the functions of which include—

  1. a

     recording and preserving electronic records in an electronic form;

  2. b

     providing information to HMRC from the electronic records and returns in an electronic form and by using the API platform; and

  3. c

     receiving information from HMRC using the API platform in relation to a person’s compliance with obligations under these Regulations which are required to be met by use of the software;

• F4...

• “insolvent person” means—

  1. a

     an individual who has been adjudged bankrupt;

  2. b

     a company in relation to which—

     1. i

        a voluntary arrangement under Part I of the Insolvency Act 19865 has been approved,

     2. ii

        F2an administrator has been appointed,

     3. iii

        an administrative receiver has been appointed,

     4. iv

        a resolution for voluntary winding up has been passed, or

     5. v

        an order for its winding-up has been made by the court at a time when it had not already gone into liquidation by passing a resolution for voluntary winding-up;

• F1“investment gold” has the same meaning as that expression has for the purposes of Group 15 of Schedule 9 to the Act;

• “negative entry” means an amount entered into the VAT account as a negative amount;

• “positive entry” means an amount entered into the VAT account as a positive amount;

• “VAT allowable portion”, “VAT payable portion” and “VAT account” have the meanings given in regulation F332;

• “the Removal Order” means the Value Added Tax (Removal of Goods) Order 19926;

• “the owner” has the same meaning as in article 2 of the Removal Order.