Regulation 5 Obligation to account for and pay import VAT in accordance with this Part

An eligible person (P) must account for and pay import VAT on goods which comprise a relevant importation in accordance with the provision made by this Part.

The effect of section 16(2) of VATA 1994 (application of customs enactments)^f1 is modified to the extent that this Part makes different provision for accounting for import VAT, including the timing of such accounting, on a relevant importation.