# The Value Added Tax (Amendment) (No.5) Regulations 1996, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations, which come into force on 17th December 1996, amend Regulation 172 of the Value Added Tax Regulations 1995 (S.I. 1995/2518) so that consideration shall not be taken as written off as a bad debt until at least six months has elapsed from the time when the debt becomes due and payable.

---
Source: https://www.legislation.gov.uk/uksi/1996/2960/note (the official version)
Page: https://openlegislation.uk/value-added-tax-amendment-no5-regulations-1996/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.