The Value Added Tax (Payments on Account) Regulations 1992
These Regulations contain provisions supplementary to the Value Added Tax (Payments on Account) Order 1992 (S.I. 1992/1510). They provide for—notification to a taxable person who is required to pay payments on account under the Order (regulation 3),payment of the excess to a taxable person where the payments on account paid in respect of a period exceed the output tax due (regulation 4), andrecovery of payments on account (regulation 5).