Schedule 13, Group 4A, item 15(3)

In relation to any prescribed accounting period beginning before 1st December 1993 section 63 shall have effect with the substitution— for the words in subsection (2) following “exceeds” of “ either 30 per cent. of the true amount of the VAT for that period or whichever is the greater of £10,000 and 5 per cent. of the true amount of VAT for that period. ” and with the omission of subsections (4) to (6); and for the words in subsection (8) from “subsections” to “statements” of “ subsection (7) that the statement by each of those returns is a correct statement ”.

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Source: legislation.gov.uk · retrieved 2026-07-28