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The Law: VAT payment on account
18th December 1997, Page 68
18th December 1997
Page 68
Page 68, 18th December 1997
— The Law: VAT payment on account
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Regulations* have been laid before Parliament which, if enacted, will introduce a right of appeal against decisions by Customs & Excise to revoke a company's right, in the Payment of Account Scheme, to pay the actual amount of VAT due.
The option to pay the actual monthly liability had been available since 1 June 1996, but can be revoked by Customs if the facility is being abused.
The measure to allow a right of appeal against revocation was announced in the November 1996 Budget, and these regulations will bring that right into effect.
For further information, contact your local VAT Advice Centre.
*S11997 No 2542 will be available from the Stationery Office, phone 0171 8730011.