Value Added Tax (General and Bad Debt Relief) (Amendment) Regulations 1981
| Jurisdiction | UK Non-devolved |
| Citation | SI 1981/1080 |
| Year | 1981 |
1981No. 1080
VALUE ADDED TAX
The Value Added Tax (General and Bad Debt Relief) (Amendment) Regulations 198130thJuly1981
30thJuly1981
1stOctober1981
The Commissioners of Customs and Excise, in exercise of the powers conferred on them by sections 3(1), 3(7) and 30(2) of the Finance Act 1972(a) and sections 12(3) and (4) of the Finance Act 1978(b) 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 (General and Bad Debt Relief) (Amendment) Regulations 1981 and shall come into operation on 1st October 1981.
2. In these Regulations "the 1978 Regulations" means the Value Added Tax (Bad Debt Relief) Regulations 1978(c).
3. Schedule 1 to the Value Added Tax (General) Regulations 1980(d) shall be amended by substituting the forms numbered 5 and 6 in the Schedule to these Regulations for the forms numbered 5 and 6 therein.
4.—(1) Regulation 3(1) of the 1978 Regulations shall be amended by deleting the words "in box 8 of the return prescribed in paragraph (2) of this Regulation the correct amount of the refund" and substituting therefor the words "the correct amount of the refund in the box opposite the legend" Overdeclarations of tax made on previous returns" on the return prescribed in paragraph (2) of this Regulation".
(2) Regulation 8(1) of the 1978 Regulations shall be amended by deleting the words "in box 4 of his return for a prescribed accounting period which the Commissioners designate for that purpose" and substituting therefor the words "in the box opposite the legend "Underdeclarations of tax made on previous returns" on his return for a prescribed accounting period which the Commissioners designate for that purpose".
(3) Regulation 8(2) of the 1978 Regulations shall be amended by deleting the words "in box 4 of the return for the prescribed accounting period in which he so proves subsequently in the insolvency" and substituting therefor the words "in the box opposite the legend "Underdeclarations of tax made on previous returns" on the return for the prescribed accounting period in which he so proves subsequently in the insolvency".
B. H. Knox, Commissioner of Customs and Excise.
30th July 1981.
King's Beam House, Mark Lane, London EC3R 7HE
(a) 1972 c. 41...
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