Part IIValue added tax
19Period before repayment supplement payable
1
Section 79 of the [1994 c. 23.] Value Added Tax Act 1994 (repayment supplement) shall be amended as follows.
2
In subsection (2)(b), for “the period of 30 days beginning on the date of the receipt by the Commissioners of that return or claim” there shall be substituted “the relevant period”.
3
After subsection (2) there shall be inserted—
2A
The relevant period in relation to a return or claim is the period of 30 days beginning with the later of—
a
the day after the last day of the prescribed accounting period to which the return or claim relates, and
b
the date of the receipt by the Commissioners of the return or claim.
4
In subsections (3) and (7), for “subsection (2)(b)” there shall be substituted “subsection (2A)”; and regulations under subsection (3) shall be construed accordingly.
5
This section has effect in relation to returns and claims received by the Commissioners on or after 9th March 1999.