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Finance Act 2012

Other amendments of VATA 1994

8.Paragraphs 2 to 17 of this Schedule make amendments that are consequential on the inclusion of the new Schedule 1A.

9.Paragraphs 3 to 17 ensure that VATA applies to Schedule 1A as it applies to Schedule 1 for the following contexts:

  • place of supply of goods rules (paragraph 3);

  • schemes for farmers (paragraph 4),

  • accounting for gold (paragraph 5);

  • reverse charge provisions for missing trader intra-community (MTIC) trading activities (paragraph 6);

  • regulatory breaches (paragraph 7);

  • powers of assessment and related matters (paragraphs 8 to 10); and

  • interaction with other registration schedules (paragraphs 14 to 17).

10.Paragraphs 11 to 13 ensure that the relevant parts of Schedule 1 apply only to persons established in the UK.

11.Paragraph 11(4) provides that the value of the taxable supplies of a person established in the UK for the purposes of determining that person’s liability to register under Schedule 1 shall include supplies made prior to that person becoming established.

12.Paragraph 18 provides that Schedule 41 to Finance Act 2008 applies to New Schedule 1A as it applies to Schedule 1 for the context of obligations to notify a liability to register and for material changes in the nature of supplies made by exempt persons.

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