Part I The charge to tax

Imposition and rate of VAT

1 Value added tax.

1

Value added tax shall be charged, in accordance with the provisions of this Act—

a

on the supply of goods or services in the United Kingdom (including anything treated as such a supply),

F13b

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F10c

on the importation of goods into the United Kingdom,

and references in this Act to VAT are references to value added tax.

2

VAT on any supply of goods or services is a liability of the person making the supply and (subject to provisions about accounting and payment) becomes due at the time of supply.

F143

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4

VAT on the importation of goods F15into the United Kingdom shall be charged and payable as if it were F16import duty.

2 Rate of VAT.

C11

Subject to the following provisions F7and to the provisions of section 29A of this section F1..., VAT shall be charged at the rate of F820 per cent and shall be charged—

a

on the supply of goods or services, by reference to the value of the supply as determined under this Act; and

F17b

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c

on the importation of goods F18..., by reference to the value of the goods as determined under this Act.

F21A

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F21B

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F31C

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2

The Treasury may by order increase or decrease the rate of VAT for the time being in force F6under this section by such percentage thereof not exceeding 25 per cent. as may be specified in the order, but any such order F5that has not previously expired or been revoked shall cease to be in force at the expiration of a period of one year from the date on which it takes effect, unless continued in force by a further order under this subsection.

3

In relation to an order made under subsection (2) above to continue, vary or replace a previous order, the reference in that subsection to the rate for the time being in force F6under this section is a reference to the rate which would be in force if no order under that subsection had been made.

3 Taxable persons and registration.

1

A person is a taxable person for the purposes of this Act while he is, or is required to be, registered under this Act.

2

F4Schedules 1 to 3A shall have effect with respect to registration F9(and see also Parts 8 and 9 of Schedule 9ZA which contain further provisions about registration).

3

Persons registered under any of those Schedules F11and Part 8 and 9 of Schedule 9ZA shall be registered in a single register kept by the Commissioners for the purposes of this Act; and, accordingly, references in this Act to being registered under this Act are references to being registered under any of those Schedules F12or those Parts.

4

The Commissioners may by regulations make provision as to the inclusion and correction of information in that register with respect to the Schedule under which any person is registered.

F193ASupplies of electronic, telecommunication and broadcasting services: special accounting schemes

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