Value Added Tax Act 1994 section 15

Payment of NI acquisition VAT

Section 15 of Schedule 9ZA sets out how taxable persons must account for and pay VAT on goods acquired in Northern Ireland from EU member states, and identifies the relevant provisions governing payment, input tax credit and accounting periods.

• Taxable persons must account for and pay NI acquisition VAT by reference to their prescribed accounting periods.
• The standard rules on payment by accounting period and crediting input tax against output tax (section 25(2) to (6)) apply to NI acquisition VAT.
• The power to exclude credit for VAT paid (section 25(7)) extends to acquisitions in Northern Ireland from an EU member state, in the same way as it applies to supplies of goods.
• Input tax on Northern Ireland acquisitions from a member state is treated as falling within the definition of allowable input tax, and further rules in sections 26A to 28 also apply.