Paragraph 50 I1

Section 47 (agents etc) is amended as follows.

For subsection (1) substitute—

“(1)

Where goods are imported by a taxable person (“T”) who supplies them as agent for a person who is not a taxable person, then, if T acts in relation to the supply in T's own name, the goods are to be treated for the purposes of this Act as imported and supplied by T as principal.”

In subsection (4), after “through an agent,” insert “ acting in the agent's own name, ”.

Omit subsection (5).