Section 121 — Finance Act 2008: Old VAT claims: extended time limits

Old VAT claims: extended time limits 121 1 The requirement in section 80(4) of VATA 1994 that a claim under that section be made within 3 years of the relevant date does not apply to a claim in respect of an amount brought into account, or paid, for a prescribed accounting period ending before 4 December 1996 if the claim is made before 1 April 2009.

2 The requirement in section 25(6) of VATA 1994 that a claim for deduction of input tax be made at such time as may be determined by or under regulations does not apply to a claim for deduction of input tax that became chargeable, and in respect of which the claimant held the required evidence, in a prescribed accounting period ending before 1 May 1997 if the claim is made before 1 April 2009.

3 In this section— “ input tax ” and “ prescribed accounting period ” have the same meaning as in VATA 1994 (see section 96 of that Act), and “ the required evidence ” means the evidence of the charge to value added tax specified in or under regulation 29(2) of the Value Added Tax Regulations 1995 (S.I. 1995/2518).

4 This section is treated as having come into force on 19 March 2008.