PART XXREPAYMENTS TO COMMUNITY TRADERS

F1Time when a repayment of VAT must be made173V

1

VAT to which a claimant is entitled to repayment under this Part must be paid by the Commissioners within 10 business days of the expiry of the relevant period in relation to that VAT.

2

For these purposes, a “business day” is any day except—

a

Saturday, Sunday, Good Friday or Christmas Day;

b

a bank holiday under the Banking and Financial Dealings Act 1971;

c

a day appointed by Royal proclamation as a public fast or thanksgiving day; or

d

a day declared by an order under section 2(1) of the Banking and Financial Dealings Act 1971 to be a non-business day.