The Value Added Tax (Bad Debt Relief) (Amendment) Regulations 1989

• Citation: S.I. 1989/2255
• Sections: 4

Section 1

These Regulations may be cited as the Value Added Tax (Bad Debt Relief) (Amendment) Regulations 1989 and shall come into force on 1st January 1990.

Section 2

The Value Added Tax (Bad Debt Relief) Regulations 1986 shall be amended in accordance with the following provisions.

Section 3

In regulation 4(1) for the words “Overdeclarations of VAT made on previous returns” there shall be substituted the words “VAT reclaimed in this period on purchases and other inputs”.

Section 4

In regulation 10 paragraphs (1) and (2) for the words “Underdeclarations of VAT made on previous returns” there shall be substituted the words “VAT due in this period on sales and other outputs”.