Regulation 23 ScopeF1I1
United Kingdom
An entitlement to credit arises under this Part where—
a registered person has carried out a taxable activity for a consideration in money for a customer with whom he is not connected;
he has accounted for and paid tax on the disposal concerned;
the whole or any part of the consideration for the disposal has been written off in his accounts as a bad debt;
he has issued a landfill invoice in respect of the disposal which shows the amount of tax chargeable;
that invoice was issued—
within 14 days of the date of the disposal, or
within such other period as may have been specified in a direction of the Commissioners made under section 61(3) of the Act;
a period of one year (beginning with the date of the issue of that invoice) has elapsed; and
the following provisions of this Part have been complied with.
Annotations
Textual amendments
- F1
Regulations disapplied in relation to Scotland (with effect from 1.4.2015) by virtue of Scotland Act 2012 (c. 11), ss. 31, 44(2)(b)(3)(c); S.I. 2015/638, art. 2 (with saving in S.I. 2015/599, arts. 6, 7)
Regulations disapplied in relation to Wales (with effect from 1.4.2018) by virtue of Wales Act 2014 (c. 29), ss. 19, 29(2)(b)(3)(b); S.I. 2018/214, art. 2(b)
Commencement
Notes on the whole SI
Textual amendments
- F1
Regulations disapplied in relation to Scotland (with effect from 1.4.2015) by virtue of Scotland Act 2012 (c. 11), ss. 31, 44(2)(b)(3)(c); S.I. 2015/638, art. 2 (with saving in S.I. 2015/599, arts. 6, 7)
Regulations disapplied in relation to Wales (with effect from 1.4.2018) by virtue of Wales Act 2014 (c. 29), ss. 19, 29(2)(b)(3)(b); S.I. 2018/214, art. 2(b)