Finance Act 1987
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Change 1
SCHEDULE 2 Amendments of Value Added Tax Act 1983
Section 19(2). Supplies received from abroad 1 Section 7 of the principal Act (reverse charge on supplies received from abroad) shall be amended as follows— (a) in paragraph (b) of subsection (1), for the words “taxable person” there shall be substitiuted “person (in this section referred to as “the recipient”)”; (b) in subsection (1), in the words following paragraph (b) for the words “as if the taxable person” there shall be substituted “as if the recipient”; (c) in subsections (3) and (4) for the words “taxable person” there shall be substituted “recipient”; and (d) in subsection (3) for the words “the allowance” there shall be substituted “any allowance”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Transfers of going concerns 3 In section 33 of the principal Act (transfers of going concerns), after subsection (1) there shall be inserted— (1A) Where the transferee is liable to be registered by virtue of paragraph 1(1)(b) of Schedule 1 to this Act at the time the business is transferred, paragraph 4(2) of that Schedule shall not apply but the Commissioners shall register him with effect from that time. . Appeals 4 In section 40(1) of the principal Act (appeals) for paragraph (d) there shall be substituted— (d) the proportion of input tax allowable under section 15 above .
SCHEDULE 2 Amendments of Value Added Tax Act 1983
Section 19(2). Supplies received from abroad 1 Section 7 of the principal Act (reverse charge on supplies received from abroad) shall be amended as follows— (a) in paragraph (b) of subsection (1), for the words “taxable person” there shall be substitiuted “person (in this section referred to as “the recipient”)”; (b) in subsection (1), in the words following paragraph (b) for the words “as if the taxable person” there shall be substituted “as if the recipient”; (c) in subsections (3) and (4) for the words “taxable person” there shall be substituted “recipient”; and (d) in subsection (3) for the words “the allowance” there shall be substituted “any allowance”. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Transfers of going concerns 3 In section 33 of the principal Act (transfers of going concerns), after subsection (1) there shall be inserted— (1A) Where the transferee is liable to be registered by virtue of paragraph 1(1)(b) of Schedule 1 to this Act at the time the business is transferred, paragraph 4(2) of that Schedule shall not apply but the Commissioners shall register him with effect from that time. . Appeals 4 In section 40(1) of the principal Act (appeals) for paragraph (d) there shall be substituted— (d) the proportion of input tax allowable under section 15 above .
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