The Value Added Tax (Amendment) (No. 3) Regulations 2004

Electronic returns, etc. and electronic payments

This section has no associated Explanatory Memorandum

5.  After regulation 40(3), insert—

(4) A direction under paragraph (3) may in particular allow additional time for a payment mentioned in paragraph (2) that is made by means of electronic communications.

  • The direction may allow different times for different means of payment.

(5) Later payment so allowed does not of itself constitute a default for the purposes of section 59 of the Act (default surcharge)..