Finance Act, 1992

Amendment of section 19 (tax due and payable) of Principal Act.

182.—Section 19 of the Principal Act is hereby amended—

(a) by the insertion after subsection (1) of the following subsection:

“(1A) Tax chargeable under section 2 (1A) shall be due—

(a) on the fifteenth day of the month following that during which the intra-Community acquisition occurs;

(b) in case an invoice is issued before the date specified in paragraph (a) by the supplier in another Member State to the person acquiring the goods, when that invoice is issued.”,

(b) in subsection (2) by the insertion after “section 2 (1) (a)” of “, other than tax chargeable in respect of supplies of the kind specified in subparagraph (b) or (c) of paragraph (i) of the Second Schedule,”, and

(c) by the insertion after subsection (3) (inserted by the Act of 1983) of the following subsection:

“(4) Notwithstanding subsection (3), where—

(a) a taxable person makes an intra-Community acquisition of a motor vehicle in respect of which he is not entitled to a deduction of tax under section 12, or

(b) an individual who is a taxable person in accordance with subsections (1A) and (2B) of section 8 makes an intra-Community acquisition of a new means of transport,

the tax shall be payable, at a time and in a manner to be determined by regulations.”.