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The Value Added Tax (Accounting and Records) (Amendment) Regulations 1994

S.I. 1994/803 · Made 17 March 1994

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 17th March 1994

Laid before the House of Commons 18th March 1994

Coming into force 1st May 1994

The Commissioners of Customs and Excise, in exercise of the powers conferred on them by paragraph 2(4) of Schedule 7 to the Value Added Tax Act 1983f1 and sections 14(5A)(b) and 14A(4) of the Finance Act 1985f2 and of all other powers enabling them in that behalf, hereby make the following Regulations:

Annotations to the whole text

Footnotes

f1

1983 c. 55; section 48(1) defines “the Commissioners” as meaning the Commissioners of Customs and Excise and “regulations” as meaning regulations made by the Commissioners; paragraph 2(4) of Schedule 7 was amended by section 25 of the Finance Act 1989 (c. 26).

f2

1985 c. 54; sections 14(5A) and 14(A) were inserted by sections 16(1) and 17 of the Finance Act 1988 (c. 39).

Contents

  1. 1Regulation 1
  2. 2Regulation 2
  3. Signature
  4. Explanatory note

1

These Regulations may be cited as the Value Added Tax (Accounting and Records) (Amendment) Regulations 1994 and shall come into force on 1st May 1994.

2

In regulation 5(3) of the Value Added Tax (Accounting and Records) Regulations 1989f1, after the word “discovered” there shall be inserted the words “by the taxable person”.

Signature

Alexander W. Russell

Commissioner of Customs and Excise

New King’s Beam House,

22 Upper Ground,

London,

SE1 9PJ

17th March 1994

Explanatory note

(This note is not part of the Regulations)

These Regulations, which come into force on 1st May 1994, amend regulation 5(3) of the Value Added Tax (Accounting and Records) Regulations 1989 so that an error may be corrected in the value added tax account in accordance with that regulation if it is the taxable person who has discovered the error.