Finance Act 2017

3 (1) Section 62 of VATA 1994 (incorrect certificates as to zero-rating etc) is amended as follows. U.K.

(2) After subsection (1A) insert—

“(1B) Where—

(a) a person gives a certificate for the purposes of Note (5R) to Group 12 of Schedule 8 with respect to a supply of a motor vehicle, and

(b) the certificate is incorrect,

the person giving the certificate is to be liable to a penalty.”

(3) In subsection (2), at the end insert—

“(c) in a case where it is imposed by virtue of subsection (1B), the difference between—

(i) the amount of the VAT which would have been chargeable on the supply if the certificate had been correct, and

(ii) the amount of VAT actually chargeable.”