SCHEDULES

SCHEDULE 2 U.K. Supplementary charge to VAT

Part 5 U.K. Administration and interpretation

Adjustment of contracts following the VAT change U.K.

21 (1) This paragraph applies where— U.K.

(a) a contract for the supply of goods or services is made before the date of the VAT change, and

(b) there is a supplementary charge under this Schedule on the supply.

(2) The consideration for the supply is to be increased by an amount equal to the supplementary charge, unless the contract provides otherwise.