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Textual Amendments
F1Pt. 19A inserted (1.5.1997) by The Value Added Tax (Amendment) Regulations 1997 (S.I. 1997/1086), regs. 1, 16
172E.—(1) Where—
(a)the purchaser has made an entry in his VAT account in accordance with regulation 172D (“the input tax repayment”);
(b)he has made the return for the prescribed accounting period concerned, and has paid any VAT payable by him in respect of that period; and
(c)the claimant has made a repayment in accordance with regulation 171 in relation to the claim concerned,
the purchaser shall make an entry in his VAT account in accordance with paragraphs (2) and (3) below.
(2) The purchaser shall make a positive entry in the VAT allowable portion of that part of his VAT account which relates to the prescribed accounting period of his in which the repayment has been made.
(3) The amount of the positive entry referred to in paragraph (2) above shall be such amount as is found by multiplying the amount of the input tax repayment by a fraction of which the numerator is the amount repaid by the claimant and the denominator is the total amount of the claim.
(4) None of the circumstances to which this regulation applies is to be regarded as giving rise to any application of regulations 34 and 35.]