{
  "url": "https://openlegislation.uk/value-added-tax-regulations-1995/regulation-24",
  "json_url": "https://openlegislation.uk/value-added-tax-regulations-1995/regulation-24.json",
  "legislation": "uksi/1995/2518",
  "legislation_title": "The Value Added Tax Regulations 1995",
  "legislation_url": "https://openlegislation.uk/value-added-tax-regulations-1995",
  "path": "regulation/24",
  "kind": "regulation",
  "number": "24",
  "heading": "Interpretation of Part V",
  "text": "In this Part—\n“API platform” means the application programming interface that enables electronic communication with HMRC, as specified by the Commissioners in a specific or general direction;\n“functional compatible software” means a software program or set of compatible software programs the functions of which include—\n(a)recording and preserving electronic records in an electronic form;\n(b)providing information to HMRC from the electronic records and returns in an electronic form and by using the API platform; and\n(c)receiving information from HMRC using the API platform in relation to a person’s compliance with obligations under these Regulations which are required to be met by use of the software;\n...\n“insolvent person” means—\n(a)an individual who has been adjudged bankrupt;\n(b)a company in relation to which—\n(i)a voluntary arrangement under Part I of the Insolvency Act 1986 has been approved,\n(ii) an administrator has been appointed,\n(iii)an administrative receiver has been appointed,\n(iv)a resolution for voluntary winding up has been passed, or\n(v)an order for its winding-up has been made by the court at a time when it had not already gone into liquidation by passing a resolution for voluntary winding-up;\n“investment gold” has the same meaning as that expression has for the purposes of Group 15 of Schedule 9 to the Act;\n“negative entry” means an amount entered into the VAT account as a negative amount;\n“positive entry” means an amount entered into the VAT account as a positive amount;\n“VAT allowable portion”, “VAT payable portion” and “VAT account” have the meanings given in regulation 32;\n“the Removal Order” means the Value Added Tax (Removal of Goods) Order 1992;\n“the owner” has the same meaning as in article 2 of the Removal Order.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 24 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Value Added Tax (Amendment) Regulations 2018 (S.I. 2018/261), regs. 1, 3"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 24 omitted (1.9.2019) by virtue of The Value Added Tax (Amendment) Regulations 2019 (S.I. 2019/1048), regs. 1, 5 (with reg. 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 24(b)(ii) substituted (15.9.2003) by The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096), art. 1(1), Sch. para. 58 (with art. 6)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 24 inserted (1.1.2000) by The Value Added Tax (Amendment) (No. 4) Regulations 1999 (S.I. 1999/3114), regs. 1, 3"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Word in reg. 24 substituted (1.7.2003) by The Value Added Tax (Amendment) (No. 4) Regulations 2003 (S.I. 2003/1485), regs. 1(1), 4"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Pt. 5 applied (31.12.2020) by The Value Added Tax (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1546), regs. 1, 34 (with reg. 33); S.I. 2020/1641, reg. 2, Sch."
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 5 applied (31.12.2020) by The Value Added Tax (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1546), regs. 1, 16 (with reg. 15); S.I. 2020/1641, reg. 2, Sch."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 24 in force at 20.10.1995, see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 45 ."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1992/3111."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/2518/regulation/24",
    "retrieved_at": "2026-10-29T13:01:01.982800+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."
}