Adjustments in the course of business5
In regulation 38 (adjustments in the course of business)—
a
in paragraph (1) omit “Subject to paragraph (1A) below,”,
b
omit paragraph (1A),
c
omit paragraph (1B),
d
for paragraph (2) substitute “Where this regulation applies, both the taxable person who makes the supply and a taxable person who receives the supply shall adjust their respective VAT accounts in accordance with the provisions of this regulation.”, and
e
in paragraph (5) insert “relevant” before “taxable person”.