Finance Act, 1992

Amendment of section 32 (regulations) of Principal Act.

192.—Section 32 of the Principal Act is hereby amended in subsection (1):

(a) by the insertion of the following paragraphs after paragraph (a):

“(aa) the deduction of tax chargeable in respect of intra-Community acquisitions;

(ab) the manner in which residual tax referred to in section 12 (1) (a) (iib) may be calculated and deducted;

(ac) the manner in which residual tax referred to in section 13 (3A) may be calculated and repaid;

(ad) the repayment, in accordance with section 15 (5A), of tax chargeable on the importation of goods;

(ae) the time and manner in which tax shall be payable in respect of the goods referred to in section 19 (4);

(af) the form of statement required to be furnished in accordance with section 19A, the particulars to be specified therein and the amount or amounts to be applied for the purposes of section 19A (3);

(ag) the supply of goods by tax-free shops in accordance with paragraph (ia) of the Second Schedule;

(ah) the importation of goods consigned to another Member State in accordance with paragraph (iiib) of the Second Schedule;

(ai) the circumstances in which a person may elect not to apply the proviso to subsection (6) (d) of section 3;”,

and

(b) by the insertion in paragraph (i) (inserted by the Act of 1978) of “monthly control statement,” after “invoice,” in each place where it occurs.