1.Section 50 is an anti-fraud measure which provides an enabling provision in the VAT Act 1994 (VATA) necessary to implement European Council Directive 2010/23/EU. That Directive permits the option of a “reverse charge” for VAT to be applied to supplies of emissions allowances. This section enables the reverse charge to be applied to supplies of services of a kind used in missing trader intra-community fraud (“MTIC fraud”).
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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