SCHEDULES
I13I10I12I19I16I17I9I18I15I21I20I14I11I7I4I2I6I3I8I5I1SCHEDULE 54Repayment interest
Sch. 54 in force at 6.10.2011 for specified purposes by S.I. 2011/2391, art. 2(c)
Sch. 54 in force at 31.10.2011 for specified purposes by S.I. 2011/701, art. 3(2) (with art. 4)
Sch. 54 in force at 1.2.2013 for specified purposes by S.I. 2013/67, art. 2
Sch. 54 in force at 1.10.2013 for specified purposes by S.I. 2013/2472, art. 2
Sch. 54 in force at 6.5.2014 for specified purposes by S.I. 2014/992, art. 3(2)
Sch. 54 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 4(1) (with art. 4(2))
Sch. 54 in force at 1.1.2015 for specified purposes by S.I. 2014/3324, art. 3
Sch. 54 in force at 1.4.2015 for specified purposes by S.I. 2015/974, art. 2
Sch. 54 in force at 6.4.2018 for specified purposes by S.I. 2018/468, art. 2(a)
Sch. 54 in force at 6.4.2019 for specified purposes by 2019 c. 1, Sch. 2 para. 31
Sch. 54 in force at 1.6.2019 for specified purposes by S.I. 2019/918, art. 2
Sch. 54 in force at 1.6.2019 for specified purposes by S.I. 2019/921, art. 2
Sch. 54 in force at 6.9.2019 for specified purposes by S.I. 2019/1238, art. 2 (with art. 3)
Sch. 54 in force at 5.10.2020 for specified purposes by S.I. 2020/979, art. 3(2)
Sch. 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
Sch. 54 in force at 1.4.2022 for specified purposes by S.I. 2021/1409, reg. 2(a)
Sch. 54 in force at 1.1.2023 for specified purposes by S.I. 2022/1277, reg. 2(2)(b) (with reg. 3)
Sch. 54 in force at 1.5.2023 for specified purposes by S.I. 2023/385, art. 2
Sch. 54 in force at 30.9.2023 for specified purposes by S.I. 2023/997, art. 2
Sch. 54 in force at 4.3.2024 for specified purposes by S.I. 2024/133, art. 2
C1F1PART 2AVAT: special provision as to period for which amount carries interest
Sch. 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)
Sch. 54 Pt. 2A modified (1.3.2024) by 1994 c. 23, Sch. 9ZF para. 11C (as inserted by The Value Added Tax (Distance Selling) (Amendments) Regulations 2024 (S.I. 2024/128), regs. 1(1), 6(4) (with reg. 1(2)))
12D
In this Part of this Schedule—
“prescribed accounting period” has the same meaning as in VATA 1994;
“relevant VAT return” means the VAT return for the prescribed accounting period to which the VAT credit relates;
“VAT credit” has the same meaning as in VATA 1994;
“VAT return” means a return required to be made by regulations under VATA 1994.
12E
1
An amount of VAT credit does not carry interest for any period during which—
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
2
The period referred to in sub-paragraph (1)(b)—
a
begins on the date when written notice requiring F5... the giving of security is given by HMRC, and
b
ends on the date when HMRC receive F2... the required security.
Sch. 54 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2