# The Value Added Tax (Amendment) Regulations 2012, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend Part V (accounting, payment and records) of the Value Added Tax Regulations 1995 (S.I. 1995/2518).
Regulations 4 to 14 amend regulation 25A.
Regulation 4 removes the previous turnover test and thereby requires all persons who are required to make value added tax returns to do so using an electronic return system unless they are specifically excepted.
Regulations 5 to 14 make consequential amendments which include removing the references to a specified person and a specified return and removing the notification requirement. Regulation 9 ensures that a person who is required to make a return required by regulation 25 of the Value Added Tax Regulations 1995 using an electronic return system only as a result of the removal of the turnover test will only be liable to a penalty for returns made for prescribed accounting periods which end on or after 31st March 2013.
A Tax Information and Impact Note covering this instrument was published on 08/08/2011 alongside the draft Value Added Tax (Amendment) Regulations 2012 and is available on the HMRC website at http://www.hmrc.gov.uk/the library/tiins/htm. It remains an accurate summary of the impacts that apply to this instrument.

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Source: https://www.legislation.gov.uk/uksi/2012/33/note (the official version)
Page: https://openlegislation.uk/value-added-tax-amendment-regulations-2012/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.