F1SCHEDULE 9ZAVAT on acquisitions in Northern Ireland from member States
PART 2Valuation of acquisitions
Valuation of acquisitions from member States
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(1)
For the purposes of this Act the value of any acquisition of goods from a member State is taken to be the value of the transaction in pursuance of which they are acquired.
(2)
Where goods are acquired from a member State otherwise than in pursuance of a taxable supply, the value of the transaction in pursuance of which they are acquired is to be determined for the purposes of sub-paragraph (1) in accordance with this Part, and for those purposes—
(a)
sub-paragraphs (3) to (5) have effect subject to paragraphs 9 to 13, and
(b)
section 19 and Schedule 6 do not apply in relation to the transaction.
(3)
If the transaction is for a consideration in money, its value is taken to be such amount as is equal to the consideration.
(4)
If the transaction is for a consideration not consisting or not wholly consisting of money, its value is taken to be such amount in money as is equivalent to the consideration.
(5)
Where a transaction in pursuance of which goods are acquired from a member State is not the only matter to which a consideration in money relates, the transaction is deemed to be for such part of the consideration as is properly attributable to it.