4(1)Section 88 of the Value Added Tax Act 1994 (supplies spanning change of rate etc.) is amended as follows.U.K.
(2)In subsection (1) (section applies where there is a change in the rate of VAT in force under section 2 or the descriptions of exempt or zero-rated supplies or acquisitions)—
(a)after “section 2” insert “ or 29A ”, and
(b)for “or zero-rated” (in both places) substitute “ , zero-rated or reduced-rate ”.
(3)In subsection (2) (election to disregard time of supply rules), after “any question whether it is zero-rated or exempt” insert “ or a reduced-rate supply ”.
(4)In subsection (4) (election to disregard time of acquisition rules), after “any question whether it is zero-rated or exempt” insert “ or a reduced-rate acquisition ”.
(5)After subsection (7) insert—
“(8)References in this section—
(a)to a supply being a reduced-rate supply, or
(b)to an acquisition being a reduced-rate acquisition,
are references to a supply, or (as the case may be) an acquisition, being one on which VAT is charged at the rate in force under section 29A.”.