{
  "url": "https://openlegislation.uk/value-added-tax-accounting-and-records-regulations-1989/note",
  "json_url": "https://openlegislation.uk/value-added-tax-accounting-and-records-regulations-1989/note.json",
  "legislation": "uksi/1989/2248",
  "legislation_title": "The Value Added Tax (Accounting and Records) Regulations 1989",
  "legislation_url": "https://openlegislation.uk/value-added-tax-accounting-and-records-regulations-1989",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations, which come into force on 1st January 1990, make provision for the keeping of records and accounts by taxable persons under the Value Added Tax Act 1983.\nRegulations 2 and 3 make provision for the type of records that should be retained by a taxable person and the length of time those records should be retained.\nRegulation 4 provides that a taxable person shall keep a value added tax account. The regulation also states the form that account should take and what details should be entered.\nRegulation 5 makes provision for the correction of errors that have been made on previous returns by the taxable person.\nRegulation 6 makes provision for the form and manner in which claims for repayment of overpaid tax under section 24 of the Finance Act 1989 should be made.\nRegulation 7 makes provision for the adjustment of the value added tax account in cases where there is a change in the amount of consideration due on a supply.\nRegulation 8 makes provision for determining the amounts to be shown in the return furnished by the taxable person under regulation 58 of the Value Added Tax (General) Regulations 1985 (S.I. 1985/886; as amended by the Value Added Tax (General) (Amendment) (No. 3) Regulations 1989 (S.I. 1989/2256)).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/2248/note",
    "retrieved_at": "2026-10-29T15:33:56.942327+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}