- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/11/2007)
- Gwreiddiol (a wnaed Fel)
Version Superseded: 06/04/2017
Point in time view as at 01/11/2007. This version of this provision has been superseded.
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There are currently no known outstanding effects for the The Value Added Tax Regulations 1995, Section 172H.
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172H—(1) Subject to paragraph (5) below, where a person—
(a)has not paid the whole or any part of the consideration for a supply by the end of the relevant period; and
(b)has claimed deduction of the whole or part of the VAT on the supply as input tax (“the deduction”),
he shall make an entry in his VAT account in accordance with paragraphs (2) and (3) below.
(2) The person shall make a negative 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 end of the relevant period falls.
(3) The amount of the negative entry referred to in paragraph (2) above shall be such amount as is found by multiplying the amount of the deduction by a fraction of which the numerator is the amount of the consideration for the supply which has not been paid before the end of the relevant period and the denominator is the total consideration for the supply.
(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.
(5) This regulation does not apply where, for input tax, the operative date for VAT accounting purposes is the date mentioned in regulation 57(b) above.]
Textual Amendments
F1Pt. 19B inserted (1.1.2003) by The Value Added Tax (Amendment) (No. 4) Regulations 2002 (S.I. 2002/3027), regs. 1, 8
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