Section 20

Prospective amendments

Sch. 7 omitted by TCTA 2018, s. 43 and Sch. 8, para. 92, with effect from a day to be appointed under TCTA 2018, s. 57(3).

Related Commentary  

1(1)  Where, in the case of the acquisition of any goods from another member State–

(a)the relevant transaction is for a consideration in money;

(b)the value of the relevant transaction is (apart from this paragraph) less than the transaction’s open market value;

(c)the supplier and the person who acquires the goods are connected; and

(d)that person is not entitled under sections 25 and 26 to credit for all the VAT on the acquisition,

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