The Value Added Tax (Amendment) (No 2) Regulations 2008

• Citation: S.I. 2008/3021
• Sections: 4

Section 1

These Regulations may be cited as the Value Added Tax (Amendment) ( No. 2) Regulations 2008 and come into force on 1st December 2008.

Section 2

The Value Added Tax Regulations 1995 are amended as follows.

Section 3

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

(a) for “14 days” substitute “45 days”;

(b) after “any such change,” insert “or within such longer period as the Commissioners may allow in general or special directions,”.

Section 4

For the Table in regulation 55K (flat rate scheme for small businesses, category of business), substitute—

“Labour-only building or construction services” means building or construction services where the value of materials supplied is less than 10 per cent of relevant turnover from such services; any other building or construction services are “general building or construction services”.