Paragraph 46 I1

(1)

Section 43 (groups of companies) is amended as follows.

(2)

In subsection (1), for paragraph (c) substitute—

“(c)
any VAT paid or payable by a member of the group on the importation of goods shall be treated as paid or payable by the representative member and the goods shall be treated, for the purposes of sections 38 and 73(7), as imported by the representative member;”.

(3)

In subsection (1AA)—

(a)

in paragraph (a), omit “acquired or”,

(b)

in paragraph (b), omit “, acquisition”,

(c)

in paragraph (c)(ii), omit “, acquisition”, and

(d)

in the words after paragraph (c), omit “, acquisition”.

Annotations

Commencement

I1: Sch. 8 para. 46 in force at 31.12.2020 by S.I. 2020/1642, reg. 4(b) (with reg. 7)