Regulation 3 Amendment of the Indirect Taxes (Notifiable Arrangements) Regulations 2017

In regulation 5(5) (offshore supplies – insurance and finance)—

(a)

at the end of sub-paragraph (b), omit “or”;

(b)

at the end of sub-paragraph (c), for “suppliers.” substitute “suppliers; or”; and

(c)

after that sub-paragraph insert—

“(d)

would otherwise fall to be disregarded by virtue of section 43(1)(a) of the Value Added Tax Act 1994^f1.”.

Annotations

f1: 1994 c. 23. Section 43(1) was amended by section 25(2) of the Finance Act 1995 (c. 4), section 20(3) of the Finance Act 2004 (c. 12), paragraph 46(2) of Schedule 8 to the Taxation (Cross-border Trade) Act 2018 and paragraph 5(2) of Schedule 18 to the Finance Act 2019 (c. 1).