SCHEDULES
SCHEDULE 3VAT: supplementary charge and orders changing rate
Part 1Supplementary charge to VAT
“Relevant consideration” and “related” supplies
6
1
This paragraph applies for the purposes of condition B in paragraphs 2 and 3.
2
“Relevant consideration” means—
a
in relation to a supply that is within paragraph 2(1) by virtue of the issue of a VAT invoice, the amount shown on that invoice,
b
in relation to a supply that is within paragraph 2(1) by virtue of the receipt of a payment, the amount of that payment, and
c
in relation to a grant of a right to goods or services within paragraph 3(1), the consideration for the grant of the right,
but does not include any amount in respect of VAT.
3
A supply within paragraph 2(1), or a grant of a right within paragraph 3(1), is related to another such supply or grant if they are both made as part of the same scheme.
4
“Scheme” includes any arrangements, transaction or series of transactions.