# Value Added Tax Act 1994, Paragraph 8


(1) For the purposes of this Act the value of any acquisition of goods from a member State is taken to be the value of the transaction in pursuance of which they are acquired.
(2) Where goods are acquired from a member State otherwise than in pursuance of a taxable supply, the value of the transaction in pursuance of which they are acquired is to be determined for the purposes of sub-paragraph (1) in accordance with this Part, and for those purposes—
(a) sub-paragraphs (3) to (5) have effect subject to paragraphs 9 to 13, and
(b) section 19 and Schedule 6 do not apply in relation to the transaction.
(3) If the transaction is for a consideration in money, its value is taken to be such amount as is equal to the consideration.
(4) If the transaction is for a consideration not consisting or not wholly consisting of money, its value is taken to be such amount in money as is equivalent to the consideration.
(5) Where a transaction in pursuance of which goods are acquired from a member State is not the only matter to which a consideration in money relates, the transaction is deemed to be for such part of the consideration as is properly attributable to it.

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Source: https://www.legislation.gov.uk/ukpga/1994/23/schedule/9ZA/paragraph/8 (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1994/schedule-9ZA/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.