Paragraph 8 C1
United Kingdom
Where any supply of services is treated by virtue of section 8 F1, or any supply of goods is treated by virtue of section 9A, as made by the person by whom they are received, the value of the supply shall be taken—
in a case where the consideration for which the services F2or goods were in fact supplied to him was a consideration in money, to be such amount as is equal to that consideration; and
in a case where that consideration did not consist or not wholly consist of money, to be such amount in money as is equivalent to that consideration.
Annotations
Textual amendments
- F1
Words in Sch. 6 para. 8 inserted (with effect in accordance with s. 5(2) of the amending Act) by Finance (No. 2) Act 2005 (c. 22), s. 5(1)(a)
- F2
Words in Sch. 6 para. 8 inserted (with effect in accordance with s. 5(2) of the amending Act) by Finance (No. 2) Act 2005 (c. 22), s. 5(1)(b)
Modifications
- C1
Sch. 6 para. 8 modified (30.6.1997) by S.I. 1997/1523, arts. 7, 8
Notes on Part 2
Textual amendments
- F1
Sch. 6 renumbered as Sch. 6 Pt. 2 (with effect in accordance with Sch. 38 para. 7(1) of the amending Act) by Finance Act 2013 (c. 29), Sch. 38 para. 2