Taxation (Cross-border Trade) Act 2018 (c. 22)

SCHEDULES

SCHEDULE 8 U.K. VAT amendments connected with withdrawal from EU

PART 1 U.K. Amendments of Value Added Tax Act 1994

Amendment of the Value Added Tax Act 1994 U.K.

23 (1) Section 21 (value of imported goods) is amended as follows. U.K.

(2) For subsection (1) substitute—

“(1) For the purposes of this Act, the value of imported goods is (subject to subsections (2) to (4)) their value as if determined under TCTA 2018 for the purposes of import duty (whether or not the goods are subject to import duty).”

(3) In subsection (2)—

(a) in the opening words, omit “from a place outside the member States”, and

(b) in paragraph (c), omit “from a place outside the member States” and “or another member State”.

(4) In subsection (2A)—

(a) in paragraph (a), for “the procedure specified in subsection (2B) below” substitute “ the temporary admission procedure under Part 1 of TCTA 2018 ”, and

(b) in paragraph (b), omit “from a place outside the member States”.

(5) Omit subsection (2B).

(6) In subsection (3), in paragraph (a), omit “from a place outside the member States”.

(7) In subsection (4), omit “from a place outside the member States”.

(8) In subsection (6D), for “any goods imported from outside the member States” substitute “ imported goods ”.

Commencement Information

I1 Sch. 8 para. 23 in force at 31.12.2020 by S.I. 2020/1642, reg. 4(b) (with reg. 7)