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Home / De-Voil /Part V5 Compliance, enforcement and appeals /Division V5.1 Returns, payments and repayments /Payment of VAT / V5.108A Time by which VAT must be paid and methods of paying VAT
Commentary

V5.108A Time by which VAT must be paid and methods of paying VAT


Part V5 Compliance, enforcement and appeals

V5.108A Time by which VAT must be paid and methods of paying VAT

SI 1995/2518, reg 40 includes provisions regarding VAT to be accounted for on VAT returns and payment of VAT.

For commentary regarding VAT to be accounted for on VAT returns (output tax on VAT returns), see V5.103.

Time by which VAT must be paid

The time by which VAT must be paid depends on whether the taxpayer:

  1. Ìý

    •ÌýÌýÌýÌý has a VAT liability of at least £2.3 million during a period of 12 months or less

  2. Ìý

    •ÌýÌýÌýÌý is authorised to use the annual accounting scheme

  3. Ìý

    •ÌýÌýÌýÌý is required to pay VAT on submission of a VAT return

  4. Ìý

    •ÌýÌýÌýÌý has entered into a time to pay agreement with HMRC

VAT payments—taxpayers that have a VAT liability of at least £2.3 million during a period of 12 months or less

Taxpayers that have a VAT liability of at least £2.3 million during a period

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