Value Added Tax Act 1994 section 74

Administration, collection and enforcement (Schedule 11)

Section 74 modifies the existing VAT administrative, collection and enforcement rules in Schedule 11 so that they also apply to goods acquired in Northern Ireland from an EU member state.

• The rules for accounting for VAT on new means of transport are extended to cover vehicles acquired in Northern Ireland from an EU member state, including identifying the person responsible for the VAT.
• VAT collection rules for dutiable goods supplied by taxable persons also apply to NI acquisition VAT when any person acquires dutiable goods from a member state.
• Invoices required under the NI-specific invoicing regulations must be stored and transmitted electronically in the same way as standard VAT invoices under Schedule 11.
• Record-keeping obligations and HMRC's power to take samples of goods are extended to cover persons who acquire goods in Northern Ireland from a member state, including acquisitions involving excise goods or new means of transport.

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