- Latest available (Revised)
- Original (As enacted)
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
11(1)This paragraph applies in relation to a supply within paragraph 2 which arises from the letting, hiring or rental of assets.E+W+S+N.I.
(2)There is no supplementary charge under this Schedule if—
(a)the period to which the VAT invoice or payment referred to in paragraph 2(1) relates does not exceed 12 months, and
(b)the VAT invoice is issued, or the payment is received, in accordance with normal commercial practice in relation to the letting, hiring or rental of such assets.
12There is no supplementary charge under this Schedule on a supply of goods or services within paragraph 2 or a grant of a right to goods or services within paragraph 3 if—E+W+S+N.I.
(a)the only relevant condition met is condition B, and
(b)the supply is made, or the right is granted, in accordance with normal commercial practice in relation to the supply of, or the grant of a right to, such goods or services.
13There is no supplementary charge under this Schedule on a supply of goods within paragraph 2 if—E+W+S+N.I.
(a)the only relevant condition met is condition D,
(b)the VAT invoice—
(i)relates to a supply of goods made under a hire-purchase, conditional sale or credit sale agreement,
(ii)forms part of that agreement, and
(iii)is issued in accordance with normal commercial practice in relation to a supply made under such an agreement, and
(c)the basic time of supply of the goods is intended and expected to be within 6 months of the date of the VAT invoice which relates to the supply.
14In this Part of this Schedule, “normal commercial practice”, in relation to a supply or grant of a right, means—E+W+S+N.I.
(a)normal commercial practice of the supplier or grantor at a time when an increase in the rate of VAT in force under section 2 of VATA 1994 is not expected, or
(b)if the supplier or grantor has no such practice, the normal commercial practice of suppliers making similar supplies, or granters granting similar rights, in the United Kingdom at such a time.
15(1)The Treasury may by order provide that there is no supplementary charge under this Schedule on supplies (including grants of rights to goods or services) of a description specified in the order.E+W+S+N.I.
(2)An order under this paragraph—
(a)may make provision having effect in relation to supplies of goods or services that are treated as taking place on or after 22 June 2010 or a later date, and
(b)may have effect in relation to a supplementary charge which has become due before the order is made.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Click 'View More' or select 'More Resources' tab for additional information including: