# Finance Act 1994, Paragraph 3

Extent: E+W+S+N.I.

(1) A contract falls within this paragraph if it relates only to a motor vehicle and—
(a) the vehicle is let on hire on relevant benefit terms to a person, and
(b) the supply of the vehicle to that person is zero-rated for the purposes of the Value Added Tax Act 1994 as a result of it being a supply falling within—
(i) paragraph (f) in item 2 in Group 12 in Schedule 8 to that Act, or
(ii) item 2A in that Group.
(2) “Relevant benefit terms” is to be construed in accordance with paragraph (2) of item 15 in Group 12 in Schedule 8 to the Value Added Tax Act 1994 (zero-rating).

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Source: https://www.legislation.gov.uk/ukpga/1994/9/schedule/7A/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-1994/schedule-7A/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.