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Correction of VAT regs date

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As reported previously in Tax Journal, the Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) Regulations, SI 2021/714, make various amendments to existing VAT legislation to ensure it operates as intended, following a review by HMRC of the UK’s post-Brexit VAT rules, particularly in relation to the operation of the Ireland/Northern Ireland Protocol.

As originally drafted, SI 2021/714 was set to come into force on 1 July 2021, although HMRC’s intention was for the changes to come in alongside those made in SI 2021/715 with effect from 1 August 2021. The Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) (Amendment of Coming into Force Date) Regulations, SI 2021/779 corrects the drafting error.

HMRC has published a tax information and impact note explaining the effect of the changes made by both substantive SIs.

Issue: 1539
Categories: News