VATVAL07800 | Special valuation provisions: example - Schedule 6, Para 2, VATA 1994, Notice of Direction

NOTICE PURSUANT TO PARAGRAPH 2 OF SCHEDULE 6 TO THE VALUE ADDED TAX ACT 1994

TO:

In pursuance of paragraph 2 of Schedule 6 to the Value Added Tax Act 1994, the Commissioners of Revenue and Customs hereby DIRECT that after ……………. the value by reference to which Value Added Tax is charged on any taxable supply of goods:

(a) By you to persons who are not taxable persons within the meaning of section 3 of the Value Added Tax Act 1994,

(b) To be sold, whether by persons mentioned in (a) above or others, by retail,

Shall be taken to be its open market value on a sale by retail.

DATED this ………. day of ……….. 20xx

Signed:

FOR AND ON BEHALF OF THE COMMISSIONERS

Enter the operative date here. This will normally be at least 7 days after the date at the foot of the Notice