Finance Act 2000

136 Disposals of assets for which a VAT repayment is claimed

(1) In section 3(2) of the [1994 c. 23.] Value Added Tax Act 1994 (taxable persons and registration), for “Schedules 1 to 3” there shall be substituted “Schedules 1 to 3A”.

(2) In section 67 of that Act (failure to notify)—

(a) in subsection (1)(a), for “or with paragraph 3 or 8(2) of Schedule 3” there shall be substituted “, with paragraph 3 or 8(2) of Schedule 3 or paragraph 3, 4 or 7(2) or (3) of Schedule 3A”;

(b) in subsection (3)(a), for “or paragraph 3 of Schedule 3” there shall be substituted “, paragraph 3 of Schedule 3 or paragraph 3 or 4 of Schedule 3A”; and

(c) in subsection (3)(b), for “or with sub-paragraph (2) of paragraph 8 of Schedule 3” there shall be substituted “, with sub-paragraph (2) of paragraph 8 of Schedule 3 or with sub-paragraph (2) or (3) of paragraph 7 of Schedule 3A”.

(3) In section 69(1)(a) of that Act (breaches of regulatory provisions), for “or paragraph 5 of Schedule 3” there shall be substituted “, paragraph 5 of Schedule 3 or paragraph 5 of Schedule 3A”.

(4) In section 73(3)(b) of that Act (failure to make returns etc.), for “or paragraph 6(2) or (3) of Schedule 3” there shall be substituted “, paragraph 6(2) or (3) of Schedule 3 or paragraph 6(1) or (2) of Schedule 3A”.

(5) In section 74(1)(c) of that Act (interest on VAT recovered or recoverable by assessment), for “under paragraph 8 of Schedule 3” there shall be substituted “, under paragraph 8 of Schedule 3 or under paragraph 7 of Schedule 3A”.

(6) In the following provisions of that Act—

(a) paragraph 1(4)(a) and (5) of Schedule 1 (registration in respect of taxable supplies); and

(b) paragraph 1(4) of Schedule 2 (registration in respect of supplies from other member States),

for “or paragraph 6(3) of Schedule 3” there shall be substituted “, paragraph 6(3) of Schedule 3 or paragraph 6(2) of Schedule 3A”.

(7) In paragraph 1(3) of Schedule 3 to that Act (registration in respect of acquisitions from other member States), for “or paragraph 6(2) of Schedule 2” there shall be substituted “, paragraph 6(2) of Schedule 2 or paragraph 6(2) of Schedule 3A”.

(8) After Schedule 3 to that Act there shall be inserted the Schedule 3A set out in Schedule 36 to this Act.

(9) In paragraph 5(5) of Schedule 4 to that Act (matters to be treated as a supply of goods or services), for the words from “under sections 25 and 26” to the end there shall be substituted—

“(a) under sections 25 and 26, to credit for the whole or any part of the VAT on the supply, acquisition or importation of those goods or of anything comprised in them; or

(b) under a scheme embodied in regulations made under section 39, to a repayment of VAT on the supply or importation of those goods or of anything comprised in them.”.

(10) Subsections (1) to (7) and (9) above have effect in relation to supplies made on or after 21st March 2000; and subsection (8) above and Schedule 36 to this Act have effect in relation to relevant supplies (within the meaning of Schedule 3A to that Act) made on or after that date.