The Value Added Tax (Amendment) (No. 4) Regulations 2003

• Citation: S.I. 2003/1485
• Sections: 6

Section 1

(1) These Regulations may be cited as the Value Added Tax (Amendment) (No. 4) Regulations 2003 and come into force on 1st July 2003.

(2) Regulations 5 and 6 have effect in relation to supplies made on or after 1st July 2003.

Section 2

Amend the Value Added Tax Regulations 1995 as follows.

Section 3

In regulation 15 (change of rate, credit notes)—

(a) after “section 2” insert “or 29A”, and

(b) for “or zero-rated” substitute “, zero-rated or reduced-rate”.

Section 4

In regulation 24 (interpretation of Part V – accounting, payment and records), in the definition of “ VAT allowable portion”, “VAT payable portion” and “VAT account”, for “33”, substitute “32”.

Section 5

In regulation 117 (interpretation of Part XVI – importations, exportations and removals)—

(a) in paragraph (4), for “regulations 130 and” substitute “regulation”,

(b) in paragraph (7A), for “regulations 130(a)(i) and” substitute “regulation”, and

(c) omit paragraph (9).

Section 6

Omit regulations 129(2) (supplies to overseas persons - crew), 130 (supplies to crew and departing EC residents) and 131(2) (supplies to persons departing the member States - crew).