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12(1)This paragraph applies in relation to a supply within paragraph 2 which arises from the letting, hiring or rental of assets.U.K.
(2)There is no supplementary charge under this Schedule if—
(a)the period to which the VAT invoice or payment referred to in paragraph 2(1) relates does not exceed 12 months, and
(b)the VAT invoice is issued, or the payment is received, in accordance with normal commercial practice in relation to the letting, hiring or rental of such assets.
13U.K.There is no supplementary charge under this Schedule on a supply of goods or services within paragraph 2 or a grant of a right to goods or services within paragraph 3 if—
(a)the only relevant condition met is condition B, and
(b)the supply is made, or the right is granted, in accordance with normal commercial practice in relation to the supply of, or the grant of a right to, such goods or services.
14U.K.In this Part of this Schedule “normal commercial practice” means normal commercial practice at a time when an increase in the rate of VAT in force under section 2 of VATA 1994 is not expected.
15(1)The Treasury may by order provide that there is no supplementary charge under this Schedule on supplies (including grants of rights to goods or services) of a description specified in the order.U.K.
(2)An order under this paragraph may make provision having effect in relation to supplies of goods or services that are treated as taking place on or after 25 November 2008 or a later date.
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