Statutory Instruments
2021 No. 986
Value Added Tax
The Value Added Tax (Amendment) Regulations 2021
Made
6th September 2021
Laid before the House of Commons
7th September 2021
Coming into force
1st April 2022
The Commissioners for Her Majesty’s Revenue and Customs, in exercise of the powers conferred by paragraph 6(5) and (6) of Schedule 11 to the Value Added Tax Act 1994( 1 ), make the following Regulations.
Citation and Commencement
1. —(1) These Regulations may be cited as the Value Added Tax (Amendment) Regulations 2021 and come into force on 1st April 2022.
(2) The amendments made by these Regulations have effect from 1st April 2022 where a taxpayer has a prescribed accounting period( 2 ) which begins on that date and otherwise from the first day of a taxpayer’s first prescribed accounting period beginning after 1st April 2022.
Amendment of the Value Added Tax Regulations 1995
2.Regulation 32B of the Value Added Tax Regulations 1995( 3 ) is amended as follows—
(a) omit paragraphs (2) to (5);
(b) in paragraph (6), for “exemptions under paragraphs (1)(b) and (3) do” substitute “exemption under paragraph (1)(b) does”.
Angela MacDonald
Myrtle Lloyd
Two of the Commissioners for Her Majesty’s Revenue and Customs
6th September 2021
1994 c. 23 (“the Act”). Paragraph 6 of Schedule 11 was relevantly amended by section 62(3)(b) of the Finance (No. 2) Act 2017 (c. 23) , paragraph 17(3) of Schedule 3 to the Taxation (Post-transition Period) Act 2020 (c. 26) and section 94 of the Finance Act 2021 (c. 26) . Section 96(1) of the Act defines “the Commissioners” as meaning “the Commissioners of Customs and Excise” and “regulations” as meaning regulations made by the Commissioners under the Act. The functions of the Commissioners of Customs and Excise were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(1) of the Commissioners for Revenue and Customs Act 2005 (c. 11) , section 50(1) of which provides that a reference to the Commissioners of Customs and Excise shall be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
“Prescribed accounting period” is defined by regulation 2 of the Value Added Tax Regulations 1995 ( S.I. 1995/2518 ) as meaning a period such as is referred to in regulation 25 of those regulations.
S.I. 1995/2518 ; amended by S.I. 2018/261 ; there are other amending instruments but none are relevant.