Value Added Tax (Electronic Communications) (Incentives) Regulations 2001
| Jurisdiction | UK Non-devolved |
2001 No. 759
VALUE ADDED TAX
The Value Added Tax (Electronic Communications) (Incentives) Regulations 2001
Made 7th March 2001
Laid before the House of Commons 8th March 2001
Coming into force 1st April 2001
The Commissioners of Customs and Excise, in exercise of the powers conferred on them by Schedule 38 to the Finance Act 20001, hereby make the following regulations:
Citation and commencement
1. These Regulations may be cited as the Value Added Tax (Electronic Communications) (Incentives) Regulations 2001 and come into force on 1st April 2001.
Interpretation
2. In these Regulations—
“the Commissioners” means the Commissioners of Customs and Excise;
“electronic return system” has the meaning given in regulation 25(4B) of the VAT Regulations;
“incentive payment” has the meaning given in regulation 3 below;
“prescribed accounting period” has the meaning given in regulation 2(1) of the VAT Regulations;
“relevant return” means the return referred to in regulation 3(1)(a) below;
“taxable person” has the meaning given in section 3(1) of the Value Added Tax Act 19942;
“VAT Regulations” means the Value Added Tax Regulations 19953.
Incentive for making a VAT return by way of an electronic return system
3.—(1) The Commissioners shall give an incentive in the form of a payment of £50 to any taxable person who—
(a)
(a) makes a return by way of an electronic return system on or after 1st April 2001;
(b)
(b) has not previously made such a return on or after that date; and
(c)
(c) satisfies the conditions specified in any direction given by the Commissioners under paragraph (2) below.
Such a payment shall be called an “incentive payment”.
(2) The Commissioners may give a direction specifying any or all of the following conditions—
(a)
(a) that the relevant return is made in compliance with any time limits specified by or under the VAT Regulations;
(b)
(b) that the relevant return is made for a prescribed accounting period that is specified in the direction;
(c)
(c) that the amount of value added tax that is payable in respect of the period to which the relevant return relates is paid—
(i) by a means of electronic payment that is specified in the direction; and
(ii) in compliance with any time limits specified by or under the VAT Regulations;
(d)
(d) that the value of supplies made by the taxable person in the...
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