# The Value Added Tax Regulations 1995, Regulation 97: Valuation of acquisitions

Extent: E+W+S+N.I.

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(1) Subject to paragraph (2) below, the value of the relevant transaction in relation to any goods acquired in Northern Ireland from a member State where—
(a) the goods are charged in connection with their removal to Northern Ireland with a duty of excise; or
(b) on that removal are subject, in accordance with any provision for the time being having effect for transitional purposes in connection with the accession of any State to the European Union, to any EU customs duty or agricultural levy of the EU,
shall be taken, for the purposes of the Act, to be the sum of its value apart from paragraph 10 of Schedule 9ZA to the Act and the amount, so far as not already included in that value, of the excise duty, EU customs duty or, as the case may be, agricultural levy which has been or is to be paid in respect of those goods.
(2) Paragraph (1) above does not apply to a transaction in pursuance of which there is an acquisition of goods which, under subsection (4) of section 18 of the Act, is treated as taking place before the duty point within the meaning of that section.

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Source: https://www.legislation.gov.uk/uksi/1995/2518/regulation/97 (the official version)
Page: https://openlegislation.uk/value-added-tax-regulations-1995/regulation-97
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.