Finance (No. 2) Act 1992

Reliefs

17 (1) In subsection (3) of section 16 (no tax on zero-rated imports)—

(a) for “imported into the United Kingdom” there shall be substituted “acquired in the United Kingdom from another member State or imported from a place outside the member States”; and

(b) after “their” there shall be inserted “acquisition or”.

(2) In subsection (6)(a) of that section (zero-rating of exports and goods shipped as stores etc.), after “exported them” there shall be inserted “to a place outside the member States”.

(3) In subsection (7) of that section (regulations as to zero-rating of goods which have been or are to be exported), for the words from “where” to “and” there shall be substituted “where—

(a) the Commissioners are satisfied that the goods have been or are to be exported to a place outside the member States or that the supply in question involves both—

(i) the removal of the goods from the United Kingdom; and

(ii) their acquisition in another member State by a person who is liable for value added tax on the acquisition in accordance with provisions of the law of that member State corresponding, in relation to that member State, to the provisions of section 2A above;

and

(b)”.

(4) In subsection (8) of that section (zero-rating of services where goods let on hire and exported), for “exported” there shall be substituted “removed from the United Kingdom”.

(5) In subsection (9) of that section (cases where goods are not exported or shipped), in paragraph (a), after “shipped” there shall be inserted “or otherwise removed from the United Kingdom”.

18 In section 17(1) (exemptions), at the end there shall be inserted “and an acquisition of goods from another member State is an exempt acquisition if the goods are acquired in pursuance of an exempt supply.”

19 (1) In section 18 (relief on supply of second-hand goods), in each of paragraphs (a) and (b) of subsection (3), for “importation of goods of that description” there shall be substituted “acquisition of goods of that description from another member State or the importation of goods of that description from a place outside the member States”.

(2) In subsection (4) of that section—

(a) after the word “the”, in the second place where it occurs, there shall be inserted “acquisition or”; and

(b) after the word “supply”, in the second place where it occurs, there shall be inserted “acquisition”.

20 (1) In subsection (1) of section 19 (relief from tax on importation of goods), after “of goods” there shall be inserted “from places outside the member States”.

(2) In subsection (1A)(a) of that section, after “imported” there shall be inserted “from a place outside the member States”.

(3) In subsection (2) of that section—

(a) after “any goods” there shall be inserted “from places outside the member States”; and

(b) at the end there shall be inserted “or removed from any member State”.

(4) In subsection (3) of that section—

(a) after “any goods” there shall be inserted “from places outside the member States”; and

(b) after “re-exported” there shall be inserted “or otherwise removed from the United Kingdom”.