{
  "url": "https://openlegislation.uk/value-added-tax-amendment-regulations-2005/regulation-3",
  "json_url": "https://openlegislation.uk/value-added-tax-amendment-regulations-2005/regulation-3.json",
  "legislation": "uksi/2005/762",
  "legislation_title": "The Value Added Tax (Amendment) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/value-added-tax-amendment-regulations-2005",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": null,
  "text": "(1) In regulation 101(4), for “to the next whole number” substitute “as specified in paragraph (5) below”.\n(2) After regulation 101(4) add—\n“(5) The percentage shall be rounded up—\n(a) where in any prescribed accounting period or longer period which is applied the amount of input tax which is available for attribution under paragraph 2(d) above prior to any such attribution being made does not amount to more than £400,000 per month on average, to the next whole number, and\n(b) in any other case, to two decimal places.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/762/regulation/3",
    "retrieved_at": "2026-10-29T05:03:18.155908+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."
}