PART 3

Other taxes

Value added tax

Deferring VAT payment by reason of the coronavirus emergency
99
1
Schedule 19 makes provision about—
a
powers of the Commissioners for Her Majesty's Revenue and Customs to agree that payment of sums to meet liabilities described in article 5 of the Finance Act 2008, Section 135 (Coronavirus) Order 2020 (S.I. 2020/934) (“the Coronavirus Order 2020”) may be further deferred,
b
surcharges arising on such sums, and
c
a penalty payable in connection with non-payment of such sums.
2
Subsection (1) and Schedule 19 are to be treated as having come into force on 9 March 2021.
3
The Treasury may by regulations repeal paragraphs 4 to 11 of Schedule 19 (penalty) where they consider it appropriate to do so by reason of circumstances arising as a result of the emergency specified in article 2 of the Coronavirus Order 2020.
4
Regulations made under subsection (3)—
a
must make provision for the repayment of amounts paid in respect of penalties under Schedule 19, and
b
may make other transitional provision.
5
Regulations under this section are to be made by statutory instrument.
6
A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.
S. 99(1) treated as having come into force at 9.3.2021 and s. 99(2)-(6) in force at Royal Assent, see. s. 99(2)