PART 2Phasing in of border controls: accounting for import VAT

CHAPTER 2Accounting for import VAT by VAT registered persons making transitional simplified Customs declarations using the EIDR procedure

Modification of the VAT Regulations where this Chapter applies9.

Where this Chapter applies the following provisions of the VAT Regulations M1 are to be applied with the stated modifications—

(a)

regulation 28 (estimation of output tax) is to be read as if—

(i)

the reference to “output tax” includes import VAT chargeable on goods comprising a relevant importation; and

(ii)

the words from “in the next prescribed accounting period” to the end were “in the prescribed accounting period in which the Commissioners make available to the person details of the amount of import duty due from the person on goods comprising a relevant importation (and in this regulation “import duty” means import duty charged under section 1 of the Taxation (Cross-border Trade) Act 2018).”;

(b)

regulation 29(3) (claims for input tax) is to be read as if the words from “in the next prescribed accounting period” to the end read “in the prescribed accounting period in which the Commissioners make available to the person details of the amount of import duty due from the person in that prescribed accounting period on goods comprising a relevant importation (and “import duty” in this regulation means import duty charged under section 1 of the Taxation (Cross-border Trade) Act 2018).”;

(c)

regulation 32(3)(baa) (the VAT account) and regulation 40(1)(ba) (VAT to be accounted for on returns and payment of VAT) are to be read as if after “2019” were added “ or Chapter 2 of Part 2 of the Value Added Tax (Miscellaneous and Transitional Provisions, Amendment and Revocation) (EU Exit) Regulations 2020 M2, ”.