Regulation 3 Interpretation of Part 2I1

United Kingdom

In Part 2—

“import VAT” means value added tax chargeable by virtue of section 1(1)(c) M1 of VATA 1994;
“prescribed accounting period” has the meaning given by section 25(1) M2 of VATA 1994;
“registered for VAT” refers to registration under Schedule 1 or 3A to VATA 1994 M3;
“relevant importation” has the meaning given by regulation 6;
“transitional EIDR procedure” has the meaning given by regulation 29D(1) of the Customs (Import Duty) (EU Exit) Regulations 2018 M4 and “transitional simplified Customs declaration” has the meaning given by regulation 14 of those Regulations.

Annotations

M1: Section 1(1)(c) was substituted by section 41(2)(b) of TCTA 2018 but that substitution is not yet fully in force.
M2: Section 25(1) is amended by section 43 of, and paragraph 25 of Schedule 8 to, TCTA 2018 but that amendment is not yet in force.
M3: Schedule 1 was amended by section 26 of, and paragraph 13 of Schedule 3 to, the Finance Act 1996 (c. 8), sections 31 and 32 of, and paragraph 1 of Schedule 18 to, the Finance Act 1997 (c. 16), section 136(6) of the Finance Act 2000 (c. 17), section 23 of, and paragraphs 1 and 3 of Schedule 2 to, the Finance Act 2003 (c. 14), section 100(8) and (10) of the Finance Act 2007 (c. 11), sections 203 and 204 of, and paragraphs 2, 11, 12 and 13 of Schedule 28 and paragraphs 1 and 8 of Schedule 29 to, the Finance Act 2012 (c. 14), and section 43 of, and paragraphs 1 and 81 of Schedule 8 to, TCTA 2018. The amendments made by TCTA 2018 are not yet in force. The thresholds in Schedule 1 were most recently amended by S.I. 2017/290.
M4: S.I. 2018/1248; relevantly amended by S.I. 2020/1088 (not yet fully in force).