The Value Added Tax (Amendment) (No. 3) Regulations 2010

• Citation: S.I. 2010/2940
• Sections: 6

Section 1 Citation, commencement and effect

These Regulations may be cited as the Value Added Tax (Amendment) (No. 3) Regulations 2010 and come into force on 4th January 2011.

Section 2 Amendment of the Value Added Tax Regulations 1995

The Value Added Tax Regulations 1995 are amended as follows.

Section 3 Change of rate, supplementary charge invoices

In regulation 15A (change of rate, supplementary charge invoices), after “Schedule 3 to the Finance Act 2009” insert “or Schedule 2 to the Finance (No. 2) Act 2010 ”.

Section 4 Flat-rate scheme for small businesses

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”.

Section 5 Flat-rate scheme for small businesses

In regulation 55M (withdrawal from the scheme)—

(a) in paragraph (1)(a), for “£225,000” substitute “£230,000”,

(b) in paragraph (1)(b), for “£225,000 substitute “£230,000”, and

(c) in paragraph (2), for “£187,500” substitute “£191,500”.

Section 6 Repayments to Community traders

In regulation 173P (the day by which a claim under this Part must be made)—

(a) at the beginning of paragraph (1) insert “Subject to paragraph (1A),”; and

(b) after paragraph (1) insert—

(1A) A repayment application in respect of a repayment period falling within the repayment year commencing on 1st January 2009 must be submitted in accordance with regulation 173I(c) before 1st April 2011.