The Value Added Tax (Amendment) (No. 2) Regulations 1997

4.  After regulation 90 there shall be inserted the following regulations—

“90A.   Where—

(a) relevant services are supplied for a period for a consideration the whole or part of which is determined or payable periodically or from time to time;

(b) the period covered by the payment referred to in sub-paragraph (c) below ends on or after 1st July 1997; and

(c) a payment in respect of the services was made before 1st July 1997,

the services shall be treated as supplied on 1st July 1997.

90B.   Where relevant services are treated as supplied on or after 1st July 1997 by virtue of regulation 90 or 90A above, the supply shall be treated as taking place only to the extent covered by the lower of—

(a) the payment; and

(b) so much of the payment as is properly attributable to such part of the period covered by the payment as falls after 30th June 1997.”.