SCHEDULES

SCHEDULE 6Value Added Tax

PART ISubstantive Amendments of Finance Act 1972 (c. 41), Part I

5

In section 12 of the 1972 Act (zero-rating), after subsection (7) there shall be inserted—

7A

Regulations may provide for the zero-rating of a supply of services which is made where goods are let on hire and the Commissioners are satisfied that the goods have been or are to be exported during the period of the letting, and such other conditions, if any, as may be specified in the regulations or the Commissioners may impose are fulfilled.