15.—[F1(1)] Where there is a change in the rate of VAT in force under section 2 [F2or 29A] of the Act or in the descriptions of exempt [F3, zero-rated or reduced-rate] supplies, and a VAT invoice which relates to a [F4relevant] supply in respect of which an election is made under section 88 of the Act was issued before the election was made, the person making the supply shall, within [F545 days] after any such change [F6or within such longer period as the Commissioners may allow in general or special], provide the person to whom the supply was made with a credit note headed “Credit note-change of VAT rate” and containing the following particulars—
(a)the identifying number and date of issue of the credit note,
(b)the name, address and registration number of the supplier,
(c)the name and address of the person to whom the supply is made,
(d)the identifying number and date of issue of the VAT invoice,
(e)a description sufficient to identify the goods or services supplied, and
(f)the amount being credited in respect of VAT.
[F7(2) In this regulation, “relevant supply” means a supply of goods or services other than a supply of goods to a person who is not a taxable person.]
Textual Amendments
F1Reg. 15 renumbered as reg. 15(1) (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 3 para. 22(2) (with Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 9
F2Words in reg. 15 inserted (1.7.2003) by The Value Added Tax (Amendment) (No. 4) Regulations 2003 (S.I. 2003/1485), regs. 1(1), 3(a)
F3Words in reg. 15 substituted (1.7.2003) by The Value Added Tax (Amendment) (No. 4) Regulations 2003 (S.I. 2003/1485), regs. 1(1), 3(b)
F4Word in reg. 15(1) inserted (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 3 para. 22(3) (with Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 9
F5Words in reg. 15 substituted (1.12.2008) by The Value Added Tax (Amendment) (No 2) Regulations 2008 (S.I. 2008/3021), regs. 1, 3(a)
F6Words in reg. 15 inserted (1.12.2008) by The Value Added Tax (Amendment) (No 2) Regulations 2008 (S.I. 2008/3021), regs. 1, 3(b)
F7Reg. 15(2) inserted (17.12.2020 for specified purposes, 31.12.2020 in so far as not already in force) by Taxation (Post-transition Period) Act 2020 (c. 26), s. 11(1)(e), Sch. 3 para. 22(4) (with Sch. 2 para. 7(7)-(9)); S.I. 2020/1642, reg. 9
Commencement Information
I1Reg. 15 in force at 20.10.1995, see reg. 1