The value of a supply of goods or services shall be determined for the purposes of this Schedule on the basis that no VAT is chargeable on the supply.

Any notification required under this Schedule shall be made in such form F1and manner and shall contain such particulars F2as may be specified in regulations or by the Commissioners in accordance with regulations.

In this Schedule “registrable” means liable or entitled to be registered under this Schedule.

References in this Schedule to supplies are references to supplies made in the course or furtherance of a business.