Taxation (Cross-border Trade) Act 2018

Amendment of the Value Added Tax Act 1994

91 (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),”, and

(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”.