# The Value Added Tax (Payments on Account) (No. 2) Regulations 1992, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations contain provisions supplementary to the Value Added Tax (Payments on Account) (No. 2) Order 1992 (S.I. 1992/1668). They revoke and replace the Value Added Tax (Payments on Account) Regulations 1992 (S.I. 1992/1536). They provide for—
(a) notification to a taxable person who is required to make payments on account under the Order (regulation 4),
(b) payment of the excess to a taxable person where the payments on account made in respect of a period exceed the tax due (regulation 5),
(c) recovery of payments on account (regulation 6), and
(d) the application of these Regulations in relation to a body corporate whose VAT registration is in the names of divisions under section 31 of the Value Added Tax Act 1983 (regulation 7).

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Source: https://www.legislation.gov.uk/uksi/1992/1844/note (the official version)
Page: https://openlegislation.uk/value-added-tax-payments-on-account-no-2-regulations-1992/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.