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
I191
1
Schedule 6 (valuation: special cases) is amended as follows.
2
In paragraph 1A—
a
in sub-paragraph (4)—
i
in the definition of “motor dealer”, omit “or acquiring from another member State”, and
ii
in the definition of “stock in trade”, for paragraphs (a) and (b) substitute—
a
produced by a motor manufacturer, or supplied to or imported by a motor dealer, for the purpose of resale, and
b
intended to be sold within 12 months of their production, supply or importation (as the case may require),
b
in sub-paragraph (6)(a)—
i
omit “, acquired from another member State,”, and
ii
omit “, acquisition”.
3
In paragraph 3, in sub-paragraph (1)(a), in sub-paragraph (ii), omit “EU customs duty or”.