SCHEDULES

SCHEDULE 3Online sales by overseas persons and low value importations

PART 1Main amendments

Amendments to the Value Added Tax Regulations 1995

I1I222

1

Regulation 15 (change of rate, credit notes) is amended as follows.

2

The existing text becomes paragraph (1).

3

In that paragraph, after “relates to a” insert “ relevant ”.

4

After that paragraph insert—

2

In this regulation, “relevant supply” means a supply of goods or services other than a supply of goods to a person who is not a taxable person.