1. These Regulations may be cited as the Value Added Tax (Accounting and Records) (Amendment) Regulations 1992 and shall come into force on 1st January 1993.

2. The Value Added Tax (Accounting and Records) Regulations 1989(2) shall be amended as follows.

3. In regulation 2-

(a)in paragraph (1), the words "and preserve" shall be omitted;

(b)for paragraph (1)(e) there shall be substituted the following-

"(e)documentation received by him relating to acquisitions by him of any goods from other member States;";

(c)for paragraph (1)(f) there shall be substituted the following-

"(f)copy documentation issued by him relating to the transfer, dispatch or transportation of goods by him to other member States;";

(d)after sub-paragraph (f) there shall be inserted the following sub-paragraphs-

"(g)documentation received by him relating to the transfer, dispatch or transportation of goods by him to other member States;

(h)documentation relating to importations and exportations by him; and

(i)all credit notes, debit notes or other documents which evidence an increase or decrease in consideration that are received, and copies of all such documents that are issued by him.";

(e)in paragraph (2), for the words "of this regulation" there shall be substituted "above"; and

(f)paragraph (3) shall be omitted.

4. After regulation 2 there shall be inserted the following regulation-

"2A. Every person who, at a time when he is not a taxable person, acquires in the United Kingdom from another member State any goods which are subject to a duty of excise or consist in a new means of transport shall, for the purpose of accounting for tax, keep such records with respect to the acquisition as may be specified in any notice published by the Commissioners in pursuance of this regulation.".

5. Regulation 3 shall be omitted.

6. In regulation 4-

(a)after sub-paragraph (a) of paragraph (3) there shall be inserted the following sub-paragraph-

"(aa)a total of the output tax due on acquisitions from other member States by the taxable person for that prescribed accounting period;"; and

(b)after sub-paragraph (a) of paragraph (4) there shall be inserted the following sub-paragraph-

"(aa)a total of the input tax allowable in respect of acquisitions from other member States by the taxable person for that prescribed accounting period by virtue of section 15 of the Act;".

7. After regulation 4 there shall be inserted the following regulation-

"The register of temporary movement of goods to and from other member States

4A.-(1) Every taxable person shall keep and maintain, in accordance with this regulation, a register to be known as the register of temporary movement of goods to and from other member States.

(2) Where goods have been moved to or received from another member State and they are to be returned within a period of two years of the date of their first removel or receipt, whichever the case may be, the register shall contain the following information:

(a)the date of removal of goods to another member State;

(b)the date of receipt of the goods mentioned in sub-paragraph (a) above when they are returned from the member State mentioned in that sub-paragraph or another member State;

(c)the date of receipt of goods from another member State;

(d)the date of removal of the goods mentioned in sub-paragraph (c) above when they are returned to the member State mentioned in that sub-paragraph or another member State;

(e)a description of the goods sufficient to identify them;

(f)a description of any process, work or other operation carried out on the goods either in the United Kingdom or in another member State;

(g)the consideration for the supply of the goods; and

(h)the consideration for the supply of any processing, work or other operation carried out on the goods either in the United Kingdom or another member State.

(3) The Commissioners may in relation to a trade or business of a description specified by them supplement the list of information required in paragraph (2) above by a notice published by them for that purpose.".

8. In regulation 8-

(a)in paragraph (2), after "furnished" there shall be inserted "except that the total of the output tax due in that period on acquisitions from other member States shall be entered instead in the box opposite the legend -�VAT due in this period on acquisitions from other EC Member States'"; and

(b)in paragraph (3), after "inputs" there shall be inserted "(including acquisitions from the EC)".

Explanatory Note

(This note is not part of the Regulations)

These Regulations, which come into force on 1st January 1993, implement the requirements under Article 22.2 of the directive of the Council of the European Communities dated 17th May 1977 No. 77/388/EEC (OJ No. L145), 13.7.1977, p.1) and the amendments of that directive by the directive of that Council dated 16th December 1991 No. 91/680/EEC (OJ No. L376, 31.12.1991, p.1) (Amendments with a view to the abolition of fiscal frontiers).

These Regulations amend the Value Added Tax (Accounting and Records) Regulations 1989.

Regulation 3 amends regulation 2 to require the keeping of records relating to acquisitions from other member States of the European Economic Community and transfers, dispatches and transportations of goods to other member States.

Regulation 4 introduces regulation 2A which requires non-taxable persons to keep records relating to acquisitions of new means of transport and goods subject to excise duty, as specified in a notice by the Commissioners.

Regulation 5 omits regulation 3.

Regulation 6 amends regulation 4 to expand the required content of the VAT account to include tax due and deductible on acquisitions.

Regulation 7 introduces regulation 4A to require the keeping of a register of temporary movement of goods sent to and received from other member States.

Regulation 8 amends regulation 8 (which provides for determining the amounts to be shown in VAT returns) having regard to the revision of VAT return forms made by the Value Added Tax (General) (Amendment) (No. 4) Regulations 1992.