SCHEDULES
F1SCHEDULE 2 Value added tax: penalties etc.
Default surcharge
5
1
In section 19 of the 1985 Act, in subsection (2) (surcharge liability notice if default for two accounting periods)—
a
in paragraph (a) for “any two prescribed accounting periods” there shall be substituted “
a prescribed accounting period
”
,
b
paragraph (b) shall be omitted, and
c
in paragraph (c) for “later period referred to in paragraph (b)” there shall be substituted “
period referred to in paragraph (a)
”
.
2
In subsection (3) of that section for “defaults in respect of two prescribed accounting periods and the second of those periods” there shall be substituted “
a default in respect of a prescribed accounting period and that period
”
.
3
This paragraph shall apply in relation to any case where a person is in default for the purposes of section 19 of the 1985 Act and is so in default because of a failure of the Commissioners of Customs and Excise to receive a return, or an amount of tax, on or before a day falling on or after 1st October 1993; and in the case of sub-paragraph (2) above it is immaterial when the existing surcharge period began.
Sch. 2 repealed (1.9.1994) by 1994 c. 23, ss. 100(2), 101(1), Sch. 15