SCHEDULES

F2SCHEDULE 9ZFModifications etc in connection with Schedules 9ZD and 9ZE

Annotations:
Amendments (Textual)
F2

Schs. 9ZD-9ZF inserted (10.6.2021 for specified purposes, 1.7.2021 for specified purposes, 1.3.2024 for specified purposes) by Finance Act 2021 (c. 26), s. 95(6)(a), Sch. 18 para. 6; S.I. 2021/770, regs. 3, 4 (with regs. 5-7); S.I. 2024/130, regs. 3, 4

PART 1Modifications of this Act

F15

1

Section 80 (credit for, or repayment of, overstated or overpaid VAT) has effect subject to the following modifications.

2

Subsection (7) has effect as if after “this section” there were inserted “(and paragraph 31 of Schedule 9ZD and paragraph 25 of Schedule 9ZE)”.

3

That section has effect as if after subsection (7) there were inserted—

8

References in this section to output tax include references to UK VAT paid under and in accordance with Schedule 9ZD or 9ZE by a person who is registered under the OSS scheme or IOSS scheme (as the case may be) but who is not a taxable person.

9

In subsection (8), “UK VAT”, the “OSS scheme” and the “IOSS scheme” have the same meanings as in Schedules 9ZD and 9ZE.

10

References in this section to a prescribed accounting period include a tax period (within the meanings of Schedules 9ZD and 9ZE).