Finance Act, 1992

Amendment of section 2 (charge of value-added tax) of Principal Act.

166.—Section 2 of the Principal Act is hereby amended by the insertion of the following subsection after subsection (1):

“(1A) Without prejudice to subsection (1), with effect on and from the 1st day of January, 1993, value-added tax shall, subject to this Act and regulations, be charged, levied and paid—

(a) on the intra-Community acquisition of goods, other than new means of transport, effected within the State for consideration by a taxable person,

and

(b) on the intra-Community acquisition of new means of transport effected within the State for consideration.”.