Related Commentary  Related HMRC Manuals

12  [Omitted by TCTA 2018, s. 43 and Sch. 8, para. 11.]


S. 12 omitted by TCTA 2018, s. 43 and Sch. 8, para. 11, with effect from “IP completion day” (31 December 2020, as defined by EUWAA 2020, s. 39(1)) (SI 2020/1642, reg. 4 subject to the provisions of reg. 5–8). Former s. 12 read as follows:

“Time of acquisition

12(1)  Subject to sections 18 and 18B and any regulations under subsection (3) below, where goods are acquired from another member State, the acquisition shall be treated for the purposes of this Act as taking place on whichever is the earlier of–

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