Prospective
14Adjustment of contractsS
(1)This section applies where—
(a)an agreement to supply a quantity of taxable aggregate to any person has been entered into,
(b)a payment falls to be made under the agreement relating to the aggregate, and
(c)after entering into the agreement there is a change to the tax chargeable in relation to the supply of the aggregate referred to in the agreement.
(2)The amount of any payment mentioned in subsection (1)(b) is to be adjusted (unless the agreement provides otherwise) so as to secure that the cost of discharging the liability to pay the tax, to the extent that it would otherwise have been borne by the supplier, is borne by the person making the payment.
(3)The reference in subsection (1)(c) to a change in the tax chargeable is a reference to a change—
(a)to or from no tax being chargeable, or
(b)in the amount of tax chargeable.
Commencement Information
I1S. 14 not in force at Royal Assent, see s. 64(2)