The Value Added Tax (General) (Amendment) (No. 4) Regulations 1992

22.  In regulation 37(1)—

(a) in paragraph (1)(a), for “imported” there shall be substituted “the importation or acquisition of”;

(b) for paragraph (1)(b) there shall be substituted the following—

“(b) in the case of a body corporate, tax on goods obtained for it before its incorporation, or on the supply of services before that time for its benefit or in connection with its incorporation, provided that the person to whom the supply was made or who paid tax on the importation or acquisition—

(i) became a member, officer or employee of the body and was reimbursed, or has received an undertaking to be reimbursed, by the body for the whole amount of the price paid for the goods or services,

(ii) was not at the time of the importation, acquisition or supply a taxable person, and

(iii) imported, acquired or was supplied with the goods or received the services for the purpose of a business to be carried on by the body and has not used them for any purpose other than such business.”;

(c) in paragraph (ii) of paragraph (2)(a), for “acquired” there shall be substituted “imported, acquired or was supplied with”; and

(d) in paragraph (ii) of paragraph (2)(c), for “acquired” there shall be substituted “received”.

(1)

Regulation 37 was amended by S.I. 1992/645.