The Value Added Tax Regulations 1995

Calculation of returnsU.K.

39.  —

(1) Where a person is required by regulations made under the Act to make a return to the Controller, the amounts to be entered on that return shall be determined in accordance with this regulation [F1and any further requirements that may be contained in a notice published by the Commissioners].

(2) In [F2Box 1] shall be entered the aggregate of all the entries in the VAT payable portion of that part of the VAT account which relates to the prescribed accounting period for which the return is madeF3... [F4except that the total of the output tax due in that period on [F5acquisitions of goods made in Northern Ireland from EU member States] shall be entered instead in [F6Box 2]].

(3) In [F7Box 4] shall be entered the aggregate of all the entries in the VAT allowable portion of that part of the VAT account which relates to the prescribed accounting period for which the return is made.

(4) Where any correction has been made and a return calculated in accordance with these Regulations then any such return shall be regarded as correcting any earlier returns to which regulations 34 and 35 apply.

Textual Amendments

Modifications etc. (not altering text)

Commencement Information

I1Reg. 39 in force at 20.10.1995, see reg. 1