SCHEDULES

SCHEDULE 8VAT amendments connected with withdrawal from EU

PART 1Amendments of Value Added Tax Act 1994

Amendment of the Value Added Tax Act 1994

25

(1)

Section 25 (payment by reference to accounting periods and credit for input tax against output tax) is amended as follows.

(2)

In subsection (1), omit paragraph (b) (together with the “and” before that paragraph).

(3)

In subsection (7)—

(a)

in the opening words, omit “, acquisitions”, and

(b)

in paragraph (a), omit “acquired or” and, in both places, omit “, acquired”.