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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations contain provisions supplementary to the Value Added Tax (Payments on Account) Order 1992 (S.I. 1992/1510). They provide for—

(a)

notification to a taxable person who is required to pay payments on account under the Order (regulation 3),

(b)

payment of the excess to a taxable person where the payments on account paid in respect of a period exceed the output tax due (regulation 4), and

(c)

recovery of payments on account (regulation 5).