Paragraph 12 Value Added Tax Act 1994I1

United Kingdom

(1)

The Value Added Tax Act 1994^f1 is amended as follows.

(2)

In section 73 (failure to make returns etc.), in each of subsections (5) and (10), for “interim or permanent trustee” substitute “trustee in sequestration”.

F1(3)

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(4)

In section 76(10) (assessment of amounts due by way of penalty, interest or surcharge), for “interim or permanent trustee” substitute “trustee in sequestration”.

(5)

In section 78A(8)^f2 (assessment for interest overpayments), for “interim or permanent trustee” substitute “trustee in sequestration”.

(6)

In section 81(5)(c) (interest given by way of credit and set-off of credits), for “1985” substitute “2016”.

(7)

In section 96(1) (interpretation)—

(a)

omit the definitions of “interim trustee” and “permanent trustee”; and

(b)

after the definition of “tribunal”, insert—

““trustee in sequestration” means a trustee (or interim trustee) in a sequestration under the Bankruptcy (Scotland) Act 2016”.

F2(8)

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Annotations

Textual amendments

F1: Sch. 1 para. 12(3) revoked (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 8 para. 132(m) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21, S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)
F2: Sch. 1 para. 12(8) revoked (31.12.2020) by Taxation (Cross-border Trade) Act 2018 (c. 22), s. 57(3), Sch. 8 para. 132(m) (with savings and transitional provisions in S.I. 2019/105 (as amended by S.I. 2020/1495, regs. 1(2), 21, S.I. 2020/1545, Pt. 4 and 2020 c. 26, Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 4(b) (with reg. 7)

Commencement

I1: Sch. 1 para. 12 in force at 30.11.2016, see art. 1

Footnotes

f1: 1994 c.23.
f2: Section 78A was inserted by the Finance Act 1997 (c.16), section 45(1).