(1) In this section, "relevant amount" means any amount which the company is liable to remit under -
(b) the Value-Added Tax Consolidation Act 2010, and
(c) the Finance (Local Property Tax) Act 2012.
(2) Subject to this section, where a person holds a fixed charge (being a fixed charge created on or after the 27th day of May, 1986) on the book debts of a company (within the meaning of the Companies Act 2014), such person shall, if the company fails to pay any relevant amount for which it is liable, become liable to pay such relevant amount on due demand, and on neglect or refusal of payment may be proceeded against in the like manner as any other defaulter.
(3) This section shall not apply unless the holder of the fixed charge has been notified in writing by the Revenue Commissioners that a company has failed to pay a relevant amount for which it is liable and that by virtue of this section the holder of the fixed charge -
(a) may become liable for payment o
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