Related Commentary  Related CasesRelated HMRC Manuals

2(1)  Subject to the following provisions of this section and to the provisions of section 29A, VAT shall be charged at the rate of 20 per cent and shall be charged–

(a)on the supply of goods or services, by reference to the value of the supply as determined under this Act; and

(b)on the acquisition of goods from another member State, by reference to the value of the acquisition as determined under this Act; and

(c)on the importation of goods from a place outside the member States, by reference to the value of the goods as determined under this Act.

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