VAEC1112 | Powers of assessment: VAT assessment powers: Other legal powers to assess for VAT

This guidance deals with interest matters in respect of prescribed accounting periods starting on or before 31 December 2022. Interest matters with effect from 01 January 2023 are dealt with under Finance Act 2009.

Please see Compliance Handbook page CH140000 onwards to find the new interest rules guidance.

Other important sections of the VAT Act which give you legal powers to assess for VAT are:

• 73(3): Assessments for deregistered persons

• 73(5): Assessments for bankrupt and insolvent companies

• 73(6): Additional assessments

• 73(7), (7A) and (7B): Assessments in respect of acquisitions, warehousing and / or importation of goods

• 73(8): Inflated assessments

• 75(1): Assessments in cases of acquisitions by non taxable persons

• 77(6): Supplementary assessments

• 78A: To recover statutory interest

• 80(4A): To recover a refund made under Section 80 that should not have been paid or credited.