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Regulation 3 Removals of gold: customer to accountI1I2

United Kingdom

(1)

Paragraph (2) applies where—

(a)

a taxable person M1 makes a taxable supply of gold within the meaning of section 55(5) M2 of VATA (customers to account for tax on supplies of gold etc) to a person (P) who—

(i)

is a taxable person at the time the supply is made; and

(ii)

is supplied in connection with the carrying on by P of a business; and

(b)

the supply involves the removal of the gold from Great Britain to Northern Ireland; or vice versa.

(2)

Where this paragraph applies, P (and only P) is treated as having imported the gold for the purpose of paragraph 4 of Schedule 9ZB M3 to VATA (liability for VAT on movements between Great Britain and Northern Ireland) instead of the supplier M4.

(3)

This regulation is subject to F1regulations 6 and 6A (special customs procedures).

Annotations

Textual amendments

F1

Words in reg. 3(3) substituted (1.8.2021) by The Value Added Tax (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/715), regs. 1, 60

Marginal citations

M1

Defined by section 3 VATA.

M2

Section 55 was relevantly amended by sections 29 and 32 of the Finance Act 1996 (c. 8).

M3

Schedule 9ZB was inserted into VATA by paragraph 2 of Schedule 2 to the Taxation (Post-transition Period) Act 2020 (c. 26) (“TPTPA”) and amended by paragraph 27 of Schedule 3 to the TPTPA.

M4

See paragraph 4(3) of Schedule 9ZB.

Commencement

I1

Reg. 3 not in force at made date, see reg. 1

I2

Reg. 3 in force at 31.12.2020 by S.I. 2020/1641, reg. 2, Sch.