Value Added Tax Consolidation Act 2010 section 122

Repeal of Value-Added Tax Act 1972, etc.

Section 122 repeals the Value-Added Tax Act 1972 and sets out continuity and transitional provisions to ensure a smooth changeover to the consolidated legislation.

• The Value-Added Tax Act 1972 is repealed, subject to certain savings for earlier periods and pre-existing offences.
• The 2010 Act does not apply to any taxable period ending before 1 November 2010; the repealed 1972 Act continues to govern those periods as if consolidation had not taken place.
• Where a fine, forfeiture, penalty or punishment applied under the 1972 Act for an act or omission that occurred before the passing of the 2010 Act, the original penalty provision continues to apply rather than the corresponding provision in the new Act.
• Anything done under the 1972 Act is deemed to have been done under the corresponding provision of the 2010 Act, subject to the transitional rules in section 124.