Citation, commencement and effect1
1
These Regulations may be cited as the Value Added Tax (Amendment) Regulations 2017 and come into force on 1st April 2017.
2
The changes made by these Regulations have effect in relation to—
a
prescribed accounting periods commencing on or after 1st April 2017; and
b
the remaining portion of any prescribed accounting period which does not commence on but includes 1st April 2017, where “remaining portion” means that part of the prescribed accounting period which starts on 1st April 2017 and ends on the last day of the prescribed accounting period.
3
Where paragraph (2)(b) applies, the changes made by these Regulations shall, for the purpose of determining the appropriate percentage applicable to the relevant turnover falling within the remaining portion of the prescribed accounting period, be applied as if the remaining portion were a separate prescribed accounting period.