SCHEDULES

SCHEDULE 6 Valuation: special cases

F1Part 2 Other Provisions

Annotations:
Amendments (Textual)
F1

Sch. 6 renumbered as Sch. 6 Pt. 2 (with effect in accordance with Sch. 38 para. 7(1) of the amending Act) by Finance Act 2013 (c. 29), Sch. 38 para. 2

F24

1

Sub-paragraph (2) applies where—

a

goods or services are supplied for a consideration which is a price in money,

b

the terms on which those goods or services are so supplied allow a discount for prompt payment of that price,

c

payment of that price is not made by instalments, and

d

payment of that price is made in accordance with those terms so that the discount is realised in relation to that payment.

2

For the purposes of section 19 (value of supply of goods or services) the consideration is the discounted price paid.