Finance Act, 1999

Amendment of section 12B (special scheme for means of transport supplied by taxable dealers) of Principal Act.

130.—Section 12B (inserted by the Act of 1995) of the Principal Act is hereby amended—

(a) in subsection (2)—

(i) by the insertion of “(other than in the circumstances where an owner as referred to in paragraph (c) of subsection (5) of section 3, enforces such owner's right to recover possession of a means of transport)” after “purchases or acquires”, and

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

“(aa) a means of transport from a person where the disposal of that means of transport by such person to such taxable dealer was deemed not to be a supply of goods in accordance with section 3(5)(c), or”,


(b) in subsection (3) in the definition of “means of transport” by the insertion after “other than” of “agricultural machinery (within the meaning of section 12C), and”.