The Value Added Tax (Amendment) (No. 2) Regulations 2000

• Citation: S.I. 2000/634
• Sections: 6

Section 1

These Regulations may be cited as the Value Added Tax (Amendment) (No. 2) Regulations 2000 and shall come into force on 1st April 2000.

Section 2

The Value Added Tax Regulations 1995 shall be amended as follows.

Section 3

(1) The word “and” at the end of regulation 118(e) shall be omitted.

(2) The following shall be inserted immediately before the full stop at the end of regulation 118(f)–

, and

(g) the Finance Act 1999, sections 126 and 127 (interest on unpaid customs debts and on certain repayments relating to customs duty)

Section 4

Regulation 119 shall be substituted as follows–

(119) The provision made by or under the following subordinate legislation shall be excepted from applying as mentioned in section 16(1) of the Act–

(a) regulations 16(4) and (5) and 19(1)(b) of the Excise Warehousing (Etc) Regulations 1988 (certain removals from warehouse);

(b) any regulations made under section 197(2)(f) of the Finance Act 1996 (rate of interest on overdue customs duty and on repayments of amounts paid by way of customs duty).

Section 5

(1) The word “and” at the end of regulation 120(2)(a)(v) shall be omitted.

(2) The following shall be added to regulation 120(2)(a)–

(vii) Articles 232(1)(b), (2) and (3) (interest on arrears of duty), and

(viii) Article 241, second and third sentences only (interest on certain repayments by the authorities),

Section 6

Regulation 121 shall be substituted as follows–

(121)

(1) The provision made by the following enactments shall apply, as mentioned in section 16(1) of the Act, subject to the adaptations prescribed by this regulation.

(2) Section 125(3) of the Customs and Excise Management Act 1979 (valuation of goods) shall have effect as if the reference to the preceding subsections of that section included a reference to section 21 of the Act.

(3) Section 129 of the Finance Act 1999 (recovery of certain amounts by the Commissioners) shall be regarded as providing for the recovery of a repayment of any relevant VAT (import VAT).