Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (c. 112)

TITLE VI U.K. CHARGEABLE EVENT AND CHARGEABILITY OF VAT

CHAPTER 1 U.K. General provisions

Article 62 U.K.

For the purposes of this Directive:

(1)

‘chargeable event’ shall mean the occurrence by virtue of which the legal conditions necessary for VAT to become chargeable are fulfilled;

(2)

VAT shall become ‘chargeable’ when the tax authority becomes entitled under the law, at a given moment, to claim the tax from the person liable to pay, even though the time of payment may be deferred.