SCHEDULE 38 Valuation of Certain Supplies of Fuel
Finance Act 2013 (2013 c 29) | Legislation

SCHEDULE 38 Valuation of Certain Supplies of Fuel

Section 192

Introductory

1

VATA 1994 is amended as follows.

Valuation of supplies for private use

2

In Schedule 6 (valuation: special cases), before paragraph 1 insert—

“Part 1
Valuation of Supplies of Fuel for Private Use
Option for valuation on flat-rate basis
A1

(1)     This paragraph applies if, in a prescribed accounting period, supplies of goods by a taxable person (“Pâ€) arise by virtue of paragraph 5(1) of Schedule 4 (but otherwise than for a consideration) where road fuel which is or has previously been supplied to or imported or manufactured by P in the course of P's business is provided for, or appropriated to, private use.

(2)     For this purpose “road fuel is provided for, or appropriated to, private use†if—

(a)     it is provided or to be provided by P—

(i)     to an individual for private use in the individual's own car or a car allocated to the individual, and

(ii)     by reason of the individual's employment,

(b)     where P is an individual, it is appropriated or to be appropriated by P for private use in P's own car, or

(c)

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