SCHEDULES

SCHEDULE 3 Online sales by overseas persons and low value importations

PART 1 Main amendments

Amendments to the Value Added Tax Act 1994

7 (1) Section 37 (relief from VAT on importation of goods) is amended as follows.

(2) For the heading, substitute “VAT on importation of goods: reliefs etc”.

(3) Before subsection (1) insert—

“(A1) No VAT is chargeable on the importation of goods to which section 7(5B) applies.”