Finance Act 2009 (c. 10)

SCHEDULES

SCHEDULE 3 U.K. VAT: supplementary charge and orders changing rate

Part 1 U.K. Supplementary charge to VAT

“Relevant consideration” and “related” supplies U.K.

6 (1) This paragraph applies for the purposes of condition B in paragraphs 2 and 3. U.K.

(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.