Statutory Instrument 1995 No. 2518

      The Value Added Tax Regulations 1995


      © Crown Copyright 1995

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STATUTORY INSTRUMENTS

1995 No. 2518

VALUE ADDED TAX

The Value Added Tax Regulations 1995

Made 27th September 1995
Laid before the House of Commons 28th September 1995
Coming into force 20th October 1995


ARRANGEMENT OF REGULATIONS

PART I
Preliminary
1.  Citation and commencement
2.  Interpretation - general
3.  Revocations and savings
4.  Requirement, direction, demand or permission
PART II
Registration and provisions for special cases
5.  Registration and notification
6.  Transfer of a going concern
7.  Notice by partnership
8.  Representation of club, association or organisation
9.  Death, bankruptcy or incapacity of taxable person
10.  VAT representatives
11.  Notification of intended section 14(1) supplies by intermediate suppliers
12.  Notification of intended section 14(2) supplies by persons belonging in other member States
PART III
VAT invoices and other invoicing requirements
13.  Obligation to provide a VAT invoice
14.  Contents of VAT invoice
15.  Change of rate, credit notes
16.  Retailers' invoices
17.  Section 14(6) supplies to persons belonging in other member States
18.  Section 14(1) supplies by intermediate suppliers
19.  Section 14(2) supplies by persons belonging in other member States
20.  General
PART IV
EC sales statements
21.  Interpretation of Part IV
22.  Submission of statements
23.  Final statements
PART V
Accounting, payment and records
24.  Interpretation of Part V
25.  Making of returns
26.  Accounting for VAT on an acquisition by reference to the value shown on an invoice
27.  Supplies under Schedule 4, paragraph 7
28.  Estimation of output tax
29.  Claims for input tax
30.  Persons acting in a representative capacity
31.  Records
32.  The VAT account
33.  The register of temporary movement of goods to and from other member States
34-35.  Correction of errors
36.  Notification of acquisition of goods subject to excise duty by non-taxable persons and payment of VAT
37.  Claims for recovery of overpaid VAT
38.  Adjustments in the course of business
39.  Calculation of returns
40.  VAT to be accounted for on returns and payment of VAT
41.  Accounting etc. by reference to the duty point, and prescribed accounting period in which VAT on certain supplies is to be treated as being chargeable
42.  Accounting for VAT on the removal of goods
43.  Goods removed from warehousing regime
PART VI
Payments on account
44.  Interpretation of Part VI
45-48.  Payments on account
PART VII
Annual accounting
49.  Interpretation of Part VII
50.  Annual accounting scheme
51-54.  Admission to the scheme
55.  Expulsion from the scheme
PART VIII
Cash accounting
56.  Interpretation of Part VIII
57.  Cash accounting scheme
58-63.  Admission to the scheme
64.  Withdrawal from the scheme
65.  Accounting
PART IX
Supplies by retailers
66.  Interpretation of Part IX
67-69.  Retail schemes
70.  Notification of use of a scheme
71.  Changing schemes
72.  Ceasing to use scheme
73.  Supplies under Schedule 8, Group 1
74.  Supplies under Schedule 8, Group 12
75.  Change in VAT
PART X
Trading stamps
76.  Interpretation of Part X
77-80.  Trading stamp scheme
PART XI
Time of supply and time of acquisition
81.  Goods for private use and free supplies of services
82.  Services from outside the United Kingdom
83.  Time of acquisition
84.  Supplies of land—special cases
85.  Leases treated as supplies of goods
86.  Supplies of water, gas or any form of power, heat, refrigeration or ventilation
87.  Acquisitions of water, gas or any form of power, heat, refrigeration or ventilation
88.  Supplier's goods in possession of buyer
89.  Retention payments
90.  Continuous supplies of services
91.  Royalties and similar payments
92.  Supplies of services by barristers and advocates
93.  Supplies in the construction industry
94.  General
95.  Supplies spanning change of rate etc.
PART XII
Valuation of acquisitions
96.  Interpretation of Part XII
97.  Valuation of acquisitions
PART XIII
Place of supply
98.  Distance sales from the United Kingdom
PART XIV
Input tax and partial exemption
99-100.  Interpretation of Part XIV and longer periods
101.  Attribution of input tax to taxable supplies
102.  Use of other methods
103.  Attribution of input tax to foreign and specified supplies
104.  Attribution of input tax on self-supplies
105-106.  Treatment of input tax attributable to exempt supplies as being attributable to taxable supplies
107-110.  Adjustment of attribution
111.  Exceptional claims for VAT relief
PART XV
Adjustments to the deduction ofinput tax on capital items
112.  Interpretation of Part XV
113.  Capital items to which this Part applies
114.  Period of adjustment
115.  Method of adjustment
116.  Ascertainment of taxable use of a capital item
PART XVI
Importations, exportations and removals
117.  Interpretation of Part XVI
118.  Enactments excepted
119.  Regulations excepted
120.  Community legislation excepted
121.  Adaptations
122.  Postal importations by registered persons in the course of business
123.  Temporary importations
124.  Reimportation of certain goods by non-taxable persons
125.  Reimportation of certain goods by taxable persons
126.  Reimportation of goods exported for treatment or process
127.  Supplies to export houses
128.  Export of freight containers
129.  Supplies to overseas persons
130-133.  Supplies to persons departing from the member States
134.  Supplies to persons taxable in another member State
135.  Supplies of goods subject to excise duty to persons who are not taxable in another member State
136-139.  Territories to be treated as excluded from or included in the territory of the Community and of the member States
140.  Entry and exit formalities
141.  Use of the internal Community transit procedure
142-145.  Customs and excise legislation to be applied
PART XVII
New means of transport
146.  Interpretation of Part XVII
147.  First entry into service of a means of transport
148.  Notification of acquisition of new means of transport by non-taxable persons and payment of VAT
149-154.  Refunds in relation to new means of transport
155.  Supplies of new means of transport to persons departing to another member State
PART XVIII
Bad debt relief (the old scheme)
156.  Interpretation of Part XVIII
157.  The making of a claim to the Commissioners
158-159.  Evidence required of the claimant in support of the claim
160.  Preservation of documents and records and duty to produce
161.  Set-off of amounts between the claimant and the debtor
162.  Determination of outstanding amount of consideration in money
163.  Repayment of a refund
164.  Proving in the insolvency in Scotland
PART XIX
Bad debt relief (the new scheme)
165.  Interpretation of Part XIX
166.  The making of a claim to the Commissioners
167.  Evidence required of the claimant in support of the claim
168.  Records required to be kept by the claimant
169.  Preservation of documents and records and duty to produce
170.  Attribution of payments
171.  Repayment of a refund
172.  Writing off debts
PART XX
Repayments to Community traders
173.  Interpretation of Part XX
174.  Repayment of VAT
175.  Persons to whom this Part applies
176.  Supplies and importations to which this Part applies
177.  VAT which will not be repaid
178.  Method of claiming
179.  Time within which a claim must be made
180.  Deduction of bank charges
181-182.  Treatment of claim and repayment claimed
183-184.  False, altered or incorrect claims
PART XXI
Repayments to third country traders
185.  Interpretation of Part XXI
186.  Repayments of VAT
187.  VAT representatives
188.  Persons to whom this Part applies
189.  Supplies and importations to which this Part applies
190.  VAT which will not be repaid
191.  Method of claiming
192.  Time within which a claim must be made
193.  Deduction of bank charges
194-195.  Treatment of claim and repayment claimed
196-197.  False, altered or incorrect claims
PART XXII
Repayment supplement
198.  Computation of period
199.  Duration of period
PART XXIII
Refunds to "do-it-yourself" builders
200.  Interpretation of Part XXIII
201.  Method and time for making claim
PART XXIV
Flat-rate scheme for farmers
202.  Interpretation of Part XXIV
203.  Flat-rate scheme
204.  Admission to the scheme
205.  Certification
206.  Cancellation of certificates
207.  Death, bankruptcy or incapacity of certified person
208.  Further certification
209.  Claims by taxable persons for amounts to be treated as credits for input tax
210.  Duty to keep records
211.  Production of records
PART XXV
Distress and diligence
212.  Distress
213.  Diligence

SCHEDULES:

  Schedule 1  —Forms

  Schedule 2  —Revocations

 

Explanatory Note


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Prepared 20th September 2000