Value Added Tax Act 1994 Schedule 9ZF

Part 3 — Modifications of secondary legislation (paragraphs 14–18)

Schedule 9ZF, Part 3 sets out how the Value Added Tax Regulations 1995 are modified to accommodate the One Stop Shop (OSS) and Import One Stop Shop (IOSS) special accounting schemes, covering bad debt relief, EU trader repayments, registration, returns and error correction.

• The bad debt relief rules are extended so that claims can be made where VAT was accounted for on a non-UK return or a special scheme return, with specific procedures for amending those returns or notifying HMRC in writing.
• EU trader repayment rules for Northern Ireland are adjusted to exclude supplies made by persons registered under the OSS scheme from certain repayment restrictions.
• Two new regulatory parts are created: Part 26 (registration, notifications and returns for the UK OSS and IOSS schemes) and Part 27 (adjustments, claims and error correction for non-UK OSS and IOSS scheme returns).
• Strict time limits and procedural requirements apply throughout, including a three-year window for amending special scheme returns, a four-year limit for correcting errors by notice, and a twenty-day deadline for repaying refunds or making payments where consideration changes.

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