Section 55D(4)

The Commissioners may by regulations make provision about accounting for VAT in relation to designated deposit schemes including, in particular, provision— for the making of financial adjustments in connection with the liability to account for and pay VAT under subsection (2); specifying the methods for calculating those adjustments; specifying the methods for determining or estimating the proportion of supplies in respect of which deposit amounts are not repaid; about the manner in which, and the period within which, adjustments are to be made (including adjustments for the correction of errors); specifying the conditions subject to which adjustments are to be made; conferring power on the Commissioners to make provision for the purposes of paragraphs (a) to (e) by means of a notice published in accordance with the regulations.

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