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The Finance Act 2009 (VAT-related Payments) (Interest) (Appointed Day) Order 2023

S.I. 2023/385 · Made 3 April 2023

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Value Added Tax

Made 3rd April 2023

The Treasury, in exercise of the powers conferred by section 104(3) and (4) of the Finance Act 2009f1, make the following Order.

Annotations to the whole text

Footnotes

f1

2009 c. 10.

Contents

  1. 1Citation
  2. 2Appointed Day
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Finance Act 2009 (VAT-related Payments) (Interest) (Appointed Day) Order 2023.

2Appointed Day

1st May 2023 is appointed as the day on which sections 101 and 102f1 of the Finance Act 2009 (late payment interest on sums due to HMRC and repayment interest on sums to be paid by HMRC) come into force for the purposes of amounts payable under or by virtue of the Value Added Tax (Margin Schemes and Removal or Export of Goods: VAT-related Payments) Order 2023f2, including any penalties assessed in relation to those amounts, in so far as those provisions are not already in force for those purposes.

Signature

Andrew Stephenson

Steve Double

Two of the Lords Commissioners of His Majesty’s Treasury

3rd April 2023

Explanatory note

(This note is not part of the Order)

This Order commences, for the purposes of the Value Added Tax (Margin Schemes and Removal or Export of Goods: VAT-related Payments) Order 2023 (S.I. 2023/68) (“the 2023 Order”), provisions of the Finance Act 2009 (c. 10) which provide for late payment interest on sums due to HMRC and repayment interest on sums due to be paid by HMRC.

Article 2 appoints 1st May 2023 as the date on which sections 101 and 102 of the Finance Act 2009 come into force.

Those provisions were brought into force for the purposes of VAT, including any penalties imposed in relation to amounts of VAT due, on 1st January 2023 (see S.I. 2022/1277). Those provisions therefore already apply to VAT-related payments claimed by means of a VAT return (see article 7 of the 2023 Order).

A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and it is an appointed day order.