{
  "url": "https://openlegislation.uk/value-added-tax-etc-correction-of-errors-etc-regulations-2008/note",
  "json_url": "https://openlegislation.uk/value-added-tax-etc-correction-of-errors-etc-regulations-2008/note.json",
  "legislation": "uksi/2008/1482",
  "legislation_title": "The Value Added Tax, etc (Correction of Errors, etc) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/value-added-tax-etc-correction-of-errors-etc-regulations-2008",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations change how errors may be corrected in returns for VAT, insurance premium tax, landfill tax, climate change levy and aggregates levy. They also change the required form for air passenger duty returns.\nRegulation 2 increases to £50,000 the limit for self-correcting a net error in the VAT account. But if the then VAT turnover is less than £5,000,000, the limit is 1% of that turnover (except where the net error is less than £10,000). The limits apply to net errors first discovered in VAT accounting periods starting on 1 July 2008 or later. (A penalty for the error may still be payable.)\nRegulation 3 makes corresponding provision in the context of insurance premium tax and changes the required forms for returns.\nRegulations 5 and 8 align the position for and make corresponding provision in the context of landfill tax. If there is no turnover for VAT purposes, the limit is £10,000. The required form for returns is changed.\nRegulations 6 to 8 make provision corresponding to landfill tax in the context of climate change levy and aggregates levy.\nA full and final Impact Assessment of the effect that this instrument will have on the costs of business and the voluntary sector is available at www.hmrc.gov.uk and is annexed to the Explanatory Memorandum which is available alongside the instrument on the OPSI website.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 4, which amends Schedule 3 to S.I. 1994/1738 for accounting periods ending on 31 July 2008 or later."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Up from £2,000 in regulation 34(3) of S.I. 1995/2518, which is amended as such."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "This must be fed into the VAT return to comply with regulation 39 of S.I. 1995/2518."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Under the Finance Act 2007 (c. 11) Schedule 24 (penalties for errors in taxpayers’ documents)."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "By amending regulation 13 of and the Schedule to S.I. 1994/1774."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "By amending regulation 13 of and the Schedule to S.I. 1996/1527."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "By amending regulation 28 of S.I. 2001/838 and making consequential amendments."
    },
    {
      "type": "footnote",
      "label": "f8",
      "text": "By amending regulation 29 of S.I. 2002/761 and making consequential amendments."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/1482/note",
    "retrieved_at": "2026-10-29T03:29:58.345466+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."
}