Regulation 3 Amendment of the Value Added Tax Regulations 1995

In regulation 24 before “increase in consideration” insert—

• “ “API platform” means the application programming interface that enables electronic communication with HMRC, as specified by the Commissioners in a specific or general direction;

• “functional compatible software” means a software program or set of compatible software programs the functions of which include—

  1. (a)

     recording and preserving electronic records in an electronic form;

  2. (b)

     providing information to HMRC from the electronic records and returns in an electronic form and by using the API platform; and

  3. (c)

     receiving information from HMRC using the API platform in relation to a person’s compliance with obligations under these Regulations which are required to be met by use of the software;”.