This Statutory Instrument has been made in consequence of a defect in S.I. 2002/3027 and is being issued free of charge to all known recipients of that Statutory Instrument.
Statutory Instruments
2003 No. 532
VALUE ADDED TAX
The Value Added Tax (Amendment) Regulations 2003
Made
6th March 2003
Laid before House of Commons
7th March 2003
Coming into force
1st April 2003
The Commissioners of Customs and Excise, in exercise of the powers conferred upon them by sections 26(A)(3) and (4) of the Value Added Tax Act 1994( 1 ), and of all other powers enabling them in that behalf, hereby make the following regulations:
1. These Regulations may be cited as the Value Added Tax (Amendment) Regulations 2003 and come into force on 1st April 2003.
2. The Value Added Tax Regulations 1995( 2 ) are amended as follows.
3. At the end of regulation 172I(3) for “the total consideration for the supply” substitute “that consideration for the supply which was not paid before the end of the relevant period”.
4. Omit regulation 172I(5).
M J Eland
Commissioner of Customs and Excise
New King’s Beam House, 22 Upper Ground, London SE1 9PJ
6 March 2003
1994 c. 23 ; section 26A was inserted by section 22(1) of the Finance Act 2002 (c. 23) ; section 96(1) defines “the Commissioners” as meaning the Commissioners of Customs and Excise and “regulations” as meaning regulations made by the Commissioners under the Act.
S.I.1995/2518 ; relevant amending instruments are S.I. 1996/2960 , 1997/1086 , 1999/3029 and 2002/3027 .