Commencement Information
I1Sch. 54 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2
I2Sch. 54 in force at 6.10.2011 for specified purposes by S.I. 2011/2391, art. 2(c)
I3Sch. 54 in force at 31.10.2011 for specified purposes by S.I. 2011/701, art. 3(2) (with art. 4)
I4Sch. 54 in force at 1.2.2013 for specified purposes by S.I. 2013/67, art. 2
I5Sch. 54 in force at 1.10.2013 for specified purposes by S.I. 2013/2472, art. 2
I6Sch. 54 in force at 6.5.2014 for specified purposes by S.I. 2014/992, art. 3(2)
I7Sch. 54 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 4(1) (with art. 4(2))
I8Sch. 54 in force at 1.1.2015 for specified purposes by S.I. 2014/3324, art. 3
I9Sch. 54 in force at 1.4.2015 for specified purposes by S.I. 2015/974, art. 2
I10Sch. 54 in force at 6.4.2018 for specified purposes by S.I. 2018/468, art. 2(a)
I11Sch. 54 in force at 6.4.2019 for specified purposes by 2019 c. 1, Sch. 2 para. 31
I12Sch. 54 in force at 1.6.2019 for specified purposes by S.I. 2019/918, art. 2
I13Sch. 54 in force at 1.6.2019 for specified purposes by S.I. 2019/921, art. 2
I14Sch. 54 in force at 6.9.2019 for specified purposes by S.I. 2019/1238, art. 2 (with art. 3)
I15Sch. 54 in force at 5.10.2020 for specified purposes by S.I. 2020/979, art. 3(2)
I16Sch. 54 in force at 6.4.2021 for specified purposes by S.I. 2021/445, reg. 2
Sch. 54 in force at 6.4.2021 for specified purposes by 2020 c. 14, Sch. 1 para. 29 (with Sch. 1 paras. 30-34)
Sch. 54 in force retrospectively at 6.4.2021 for specified purposes by 2022 c. 3, Sch. 10 para. 29
I17Sch. 54 in force at 1.4.2022 for specified purposes by S.I. 2021/1409, reg. 2(a)
I18Sch. 54 in force at 1.1.2023 for specified purposes by S.I. 2022/1277, reg. 2(2)(b) (with reg. 3)
Textual Amendments
F1Sch. 54 Pt. 2A inserted (1.1.2023 for specified purposes) by Finance Act 2021 (c. 26), s. 120(2), Sch. 29 para. 3(3); S.I. 2022/1277, reg. 2(2)(a) (with reg. 3)
12E(1)An amount of VAT credit does not carry interest for any period during which—U.K.
(a)a VAT return required to be made on or before the date on which the relevant VAT return is made has not been made, or
(b)there is a failure to comply with a requirement imposed under paragraph [F24(1A)] of Schedule 11 to VATA 1994 F3... giving of security).
(2)The period referred to in sub-paragraph (1)(b)—
(a)begins on the date when written notice requiring F4... the giving of security is given by HMRC, and
(b)ends on the date when HMRC receive F5... the required security.]
Textual Amendments
F2Words in Sch. 54 para. 12E(1)(b) substituted (retrospective to 1.1.2023 immediately after 2021 c. 26, Sch. 29 comes into force) by Finance (No. 2) Act 2023 (c. 30), s. 336(2)(a)(4); S.I. 2022/1277, reg. 2(2)(a)
F3Words in Sch. 54 para. 12E(1)(b) omitted (retrospective to 1.1.2023 immediately after 2021 c. 26, Sch. 29 comes into force) by Finance (No. 2) Act 2023 (c. 30), s. 336(2)(b)(4); S.I. 2022/1277, reg. 2(2)(a)
F4Words in Sch. 54 para. 12E(2)(a) omitted (retrospective to 1.1.2023 immediately after 2021 c. 26, Sch. 29 comes into force) by Finance (No. 2) Act 2023 (c. 30), s. 336(3)(a)(4); S.I. 2022/1277, reg. 2(2)(a)
F5Words in Sch. 54 para. 12E(2)(b) omitted (retrospective to 1.1.2023 immediately after 2021 c. 26, Sch. 29 comes into force) by Finance (No. 2) Act 2023 (c. 30), s. 336(3)(b)(4); S.I. 2022/1277, reg. 2(2)(a)