SCHEDULES
SCHEDULE 36Agreement between UK and Switzerland
PART 5General provisions
Amounts recoverable as if they were VAT
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1
Part 2 of this Schedule applies to amounts otherwise recoverable under paragraph 5(3) of Schedule 11 to VATA 1994 as a debt due to the Crown (amounts shown on invoices as VAT etc) in the same way as it applies to VAT.
2
But in the application of Part 2 to such amounts—
a
a reference to the value of a supply on which VAT is charged is a reference to the value of the supply shown in the invoice mentioned in paragraph 5(2) of that Schedule,
b
“the taxable event” takes place when the invoice is issued,
c
the value of the supply shown in the invoice is “untaxed” if the amount otherwise recoverable under paragraph 5(3) of that Schedule has not been recovered, and
d
“ceasing to be liable” to tax on the value of that supply means that the amount otherwise recoverable is no longer recoverable.