# Finance Act 2009, Paragraph 12E


(1) An amount of VAT credit does not carry interest for any period during which—
(a) a VAT return required to be made on or before the date on which the relevant VAT return is made has not been made, or
(b) there is a failure to comply with a requirement imposed under paragraph 4(1A) of Schedule 11 to VATA 1994 ... giving of security).
(2) The period referred to in sub-paragraph (1)(b)—
(a) begins on the date when written notice requiring ... the giving of security is given by HMRC, and
(b) ends on the date when HMRC receive ... the required security.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/54/paragraph/12E (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-54/paragraph-12E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.