Value Added Tax Act 1994 section 76A

Section 76: cases involving special accounting schemes

Section 76A clarifies how the assessment provisions in section 76 apply when a business uses one of the special VAT accounting schemes for electronic, telecommunication, and broadcasting services.

• Section 76A was introduced by the Finance Act 2014 and applies to supplies made on or after 1 January 2015.
• It extends the assessment powers in section 76 (which covers penalties, interest, and surcharges) so that they also cover businesses using the special VAT accounting schemes.
• Wherever section 76 refers to a "prescribed accounting period," this should be read as also covering the equivalent reporting periods under the Non-Union scheme (Schedule 3B, paragraph 16F) and the Union scheme (Schedule 3BA, paragraph 26).
• This ensures that HMRC can assess surcharges and other amounts due from businesses operating under these special schemes in the same way as for businesses using standard VAT accounting periods.