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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order, which is made under section 28 of the Value Added Tax Act 1994, amends the Value Added Tax (Payments on Account) Order 1993.

  • Provision is now made for the following periods to roll forward on an annual basis commencing on 2nd March 1995:

    1. (a)

      the basic period, which determines a taxable person’s liability for inclusion in the payments on account scheme.

    2. (b)

      the reference period, which determines the amount of payments on account to be made, and

    3. (c)

      the periods in respect of which there is a duty to make payments on account.