The Value Added Tax (General) (Amendment) (No.2) Regulations 1992

• Citation: S.I. 1992/1617
• Sections: 4

Section 1

These Regulations may be cited as the Value Added Tax (General) (Amendment) (No.2) Regulations 1992 and shall come into force on 1st August 1992.

Section 2

The Value Added Tax (General) Regulations 1985 shall be amended as follows.

Section 3

In regulation 46, for paragraph (d) there shall be substituted the following:

(d) the goods—

(i) were owned by him at the time of exportation and have remained his property, or

(ii) were owned by him at the time of exportation and have been returned after rejection by an overseas customer or because it was not possible to deliver them to an overseas customer, or

(iii) have been returned from the continental shelf; and

Section 4

In regulation 47(1), for sub-paragraph (a) there shall be substituted the following:

(a) in the case of a motor car—

(i) it was supplied in or imported into the United Kingdom before its export, and any purchase tax or tax due on that supply or importation was paid and neither has been, nor will be, refunded or deducted, and

(ii) it was not exported free of tax by reason of the zero-rating provisions of subsections (6) and (7) of section 16 of the Act or regulations made thereunder or free of purchase tax;