- The Value Added Tax (Distance Selling) (Amendments) Regulations 2024 were made on February 6, 2024.
- They were laid before the House of Commons on February 7, 2024.
- The regulations will come into force on March 1, 2024.
- These regulations are made by the Treasury under the powers conferred by section 40A(7) of the Value Added Tax Act 1994.
- The regulations may be cited as the Value Added Tax (Distance Selling) (Amendments) Regulations 2024 and will come into force on March 1, 2024.
- Regulations 4 to 6 will have effect in relation to reporting periods commencing on or after March 1, 2024.
- The term “reporting period” is defined in paragraph 11 of Schedule 9ZD to VATA 1994 for the purposes of the OSS scheme and in paragraph 11 of Schedule 9ZE to VATA 1994 for the purposes of the IOSS scheme.
- The Value Added Tax Act 1994 is referred to as VATA 1994 in these regulations.
- Schedule 9ZE to VATA 1994 is amended in relation to supplies of goods imported to Northern Ireland.
- A supply of goods is not a “qualifying supply of goods” if the goods are in Great Britain or the Isle of Man at the time they are sold, the supply involves the goods being removed from Great Britain or the Isle of Man to Northern Ireland, and the recipient of the goods belongs in Northern Ireland.
- Various amendments and omissions are made to Schedule 9ZE and Schedule 9ZF to VATA 1994.
- Schedule 9ZD to VATA 1994 is amended in relation to penalties and interest assessments.
Source: legislation.gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
