Section 336 | VAT credits: repayment interest due where evidence not provided

(1)Paragraph 12E of Schedule 54 to FA 2009 (special provision as to amounts carrying repayment interest etc) is amended as follows.

(2)In sub-paragraph (1), in paragraph (b)—

(a)for “4(1) or (1A)” substitute “4(1A)”;

(b)omit “production of evidence and”.

(3)In sub-paragraph (2)—

(a)in paragraph (a) omit “production of evidence or”;

(b)in paragraph (b) omit “the required evidence or”.

(4)The amendments made by this section are to be treated as having come into force immediately after the coming into force of Schedule 29 to FA 2021 in accordance with regulation 2(2)(a) of The Finance Act 2009, Finance (No. 3) Act 2010 and Finance Act 2021 (Value Added Tax) (Interest) (Appointed Days) Regulations 2022 (S.I. 2022/1277).