88.1  Definitions

In this clause 88 (Sub-Contractors in the Construction Industry Scheme) (but not otherwise):

(a)  Sub-Contractor Legislation means Chapter 3 of Part 3 Finance Act 2004, the Income Tax (Construction Industry Scheme) Regulations 2005 (SI 2005/2045) and the Income Tax (Construction Industry Scheme) (Amendment) Regulations 2007 or any other statute or subordinate legislation relating to the Scheme as from time to time modified or replaced either before or after the date of this Contract;

(b)  Principal means a person who is a contractor for the purposes of the Sub-Contractor Legislation; and

(c)  Statutory Deduction means the deduction referred to in section 61 of the Finance Act 2004 or such other deduction as may be required by Sub-Contractor Legislation.