# The Value Added Tax (Amendment) (No. 2) Regulations 2005, Regulation 3: Credit for, or repayment of, overstated or overpaid VAT


In regulation 43A—
(a) in the definition of “claim”—
(i) omit “(irrespective of when it was made)”;
(ii) for “repayment of an amount paid to the Commissioners by way of VAT which was not VAT due to them” substitute “credit of an amount accounted for to the Commissioners or assessed by them as output tax which was not output tax due to them”;
(b) in the definition of “reimbursement arrangements”—
(i) in paragraph (a), for “repayment” substitute “crediting”;
(ii) in paragraph (b), for “cost of the original payment of that amount to the Commissioners” substitute “original amount brought into account as output tax that was not output tax due”.

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Source: https://www.legislation.gov.uk/uksi/2005/2231/regulation/3 (the official version)
Page: https://openlegislation.uk/value-added-tax-amendment-no-2-regulations-2005/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.