The Value Added Tax (Amendment) Regulations 2013

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Value Added Tax Regulations 1995 (S.I. 1995/2518).

Regulation 4 inserts a reference to a notification under new regulation 148A(3) to the list of specified communications in regulation 4B (specified communications are communications that can be made using an electronic communication system as specified in regulation 4A).

Regulation 5 inserts a new heading to Part 17 of the Value Added Tax Regulations 1995.

Regulation 6 amends regulation 148 to limit it to the notification of acquisition of new means of transport that are ships or aircraft and make the necessary consequential amendments. It also extends the time for notification from 7 to 14 days after the later of the date of the acquisition or the arrival of the goods in the United Kingdom. As regulation 148 makes provision as to time limits for notification and payment of acquisition VAT due subsequent to an acquisition, regulation 6(3) makes it clear that the amendments to regulation 148, and the new regulation 148A, will not apply to arrivals in the United Kingdom of any new means of transport that are motorised land vehicles on or before 14th April 2013.

Regulation 7 inserts new regulation 148A to provide for a new notification system for arrivals in the United Kingdom of means of transport that are motorised land vehicles and to make provision as to how and when any acquisition VAT due on such an arrival is to be paid to the Commissioners.

A Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.