30 Fuel supplied for private use.U.K.
(1)Section 57 of the M1Value Added Tax Act 1994 (determination of consideration for fuel supplied for private use) shall be amended as follows.
(2)The following subsection shall be inserted after subsection (1)—
“(1A)Where the prescribed accounting period is a period of 12 months, the consideration appropriate to any vehicle is that specified in relation to a vehicle of the appropriate description in the second column of Table A below.”
(3)In subsection (2) (consideration where prescribed accounting period is period of 3 months) for “second” there shall be substituted “ third ”.
(4)In subsection (3) (consideration where prescribed accounting period is period of one month) for “third” there shall be substituted “ fourth ”.
(5)The following Table shall be substituted for Table A—
“ TABLE A
| Description of vehicle (Type of engine and cylinder capacity in cubic centimetres) | 12 month period | 3 month period | 1 month period |
|---|---|---|---|
| £ | £ | £ | |
| Diesel engine 2000 or less | 605 | 151 | 50 |
| More than 2000 | 780 | 195 | 65 |
| Any other type of engine 1400 or less | 670 | 167 | 55 |
| More than 1400 but not more than 2000 | 850 | 212 | 70 |
| More than 2000 | 1260 | 315 | 105” |
(6)This section shall apply in relation to prescribed accounting periods beginning on or after 6th April 1995.
(7)Nothing in this section shall be taken to prejudice any practice by which the consideration appropriate to a vehicle is arrived at where a prescribed accounting period beginning before 6th April 1995 is a period of 12 months.
Marginal Citations