Finance Act 2012

12 (1) Paragraph 2 of Schedule 11 (accounting for VAT and payment of VAT) is amended as follows. U.K.

(2) In sub-paragraph (1) (keeping accounts and making returns), insert at the end “ or by the Commissioners in accordance with the regulations. ”

(3) In sub-paragraph (3) (statements containing particulars of certain transactions)—

(a) for paragraph (b) substitute—

“(b) specified by the Commissioners in accordance with the regulations,”, and

(b) for “prescribed” substitute “ so specified ”.

(4) In sub-paragraph (3A) (statements containing particulars of certain supplies)—

(a) for paragraph (b) substitute—

“(b) specified by the Commissioners in accordance with the regulations,”, and

(b) for “prescribed” substitute “ so specified ”.

(5) In sub-paragraph (3B) (notification of certain events), for “determined by the Commissioners in accordance with powers conferred by the regulations” substitute “ by the Commissioners in accordance with the regulations ”.

(6) In sub-paragraph (4) (notification of acquisition of certain goods), insert at the end “ or (in the case of the notification requirement) by the Commissioners in accordance with the regulations ”.

(7) In sub-paragraph (5)(a) (further provision about notifications), after “regulations” insert “ or by the Commissioners in accordance with the regulations ”.