SCHEDULE 19 Deferring VAT Payment by Reason of the Coronavirus Emergency
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 19 Deferring VAT Payment by Reason of the Coronavirus Emergency

Section 99

Definitions

1

In this Schedule—

“the Commissioners†means the Commissioners for Her Majesty's Revenue and Customs;

“HMRC†means Her Majesty's Revenue and Customs;

“relevant VAT sum†means a sum to meet all or part of a liability described in article 5 of the Finance Act 2008, Section 135 (Coronavirus) Order 2020 (SI 2020/934).

Power to agree to further defer payment

2

(1)     The Commissioners (having agreed that payment of relevant VAT sums may be deferred until 31 March 2021) may—

(a)     agree that payment of a relevant VAT sum may be further deferred, and

(b)     make such arrangements as they consider appropriate for persons to pay relevant VAT sums.

(2)     The period for which payment is further deferred under sub-paragraph (1) may be different for different cases.

(3)     Arrangements made under sub-paragraph (1) may, among other things—

(a)     require that, in order to participate in the arrangements, a person must meet specified conditions,

(b)     require or enable a sum to be paid in instalments, including instalments of different amounts, and

(c)     make different provision for different cases.

(4)     Nothing in

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Carriage of goods by sea—the Hague-Visby Rules

Carriage of goods by sea—the Hague-Visby RulesThis Practice Note explains the Hague-Visby Rules (the Rules) which are an international convention enacted into English law by the Carriage of Goods by Sea Act 1971 (CGSA 1971) whose purpose is to regulate some of the most important rights and

LEXISNEXIS

Affray

AffrayAffray is an offence created by the Public Order Act 1986 (POA 1986). It can be tried in either the magistrates’ court or the Crown Court. The magistrates’ court may decline jurisdiction where for example in cases involving a weapon/throwing objects, or conduct that causes serious

LEXISNEXIS

The British Franchise Association (BFA)

The British Franchise Association (BFA)This Practice Note examines the role and remit of the British Franchise Association (the BFA) in the franchise industry in the UK. It looks at the legislative and regulatory framework in the franchise industry, the membership criteria of the BFA, the BFA’s Code