# The Value Added Tax (Amendment) (No. 3) Regulations 2004, Note: Explanatory note


(This note is not part of the Regulations)
Regulation 1(2) revokes the Value Added Tax (Electronic Communications) (Incentives) Regulations 2001 (S.I. 2001/759).
Regulation 1(3) and the subsequent regulations amend the Value Added Tax Regulations 1995 (S.I. 1995/2518).
Regulations 2 and 3 – VAT registration and register
Regulation 2(2) enables businesses to notify VAT registrability or VAT register information using functioning electronic communication systems specified by HM Customs and Excise. Mechanised acknowledgements forming part of a system are conclusive as to whether or when a notification is made using that system. Electronic notifications otherwise carry the ordinary consequences.
Regulation 2(1) aligns the registrability notification procedure for transferees of a going concern with the practice for other registrability notifications. Regulation 3 makes a typographical correction relating to liabilities following a transfer of a going concern.
Regulations 4, 5 and 6 - VAT returns and payment
Regulations 4(1) and 4(2) remove the requirement for an electronic VAT return system to mirror the paper forms. Regulation 4(2) also enables HM Customs and Excise to specify the circumstances in which a business may arrange for an intermediary to deliver an electronic return.
Regulations 4(5) and 5 enable HM Customs and Excise to allow extra time for paying VAT due, and for making VAT returns, depending on the electronic means of payment used.
Regulation 6 substitutes new standard paper VAT returns.
Regulatory impact assessment
A full regulatory impact assessment of the effect that this instrument will have on the costs of businesses, charities or voluntary bodies is available from HM Customs and Excise, New King’s Beam House, 22 Upper Ground, London SE1 9PJ or http://www.hmce.gov.uk .

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Source: https://www.legislation.gov.uk/uksi/2004/1675/note (the official version)
Page: https://openlegislation.uk/value-added-tax-amendment-no-3-regulations-2004/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.