There are currently no known outstanding effects for the Value Added Tax Act 1994, Section 55C.
(1)This section applies if—
(a)a taxable person makes a taxable (but not a zero-rated) supply of goods, and
(b)a deposit amount is payable in relation to the goods supplied.
(2)For the purposes of this section and section 55D, a “deposit amount” in relation to goods is an amount that, in accordance with the provisions of a designated deposit scheme—
(a)is added to the price payable for the goods, and
(b)must be repaid by a person, if the conditions for repayment under the scheme are met.
(3)The deposit amount is to be disregarded in determining the amount of the consideration for the purposes of calculating the value of the supply under this Act.]
Textual Amendments
F1Ss. 55B-55D inserted (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), s. 315
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