[50B Margin schemes and export or removal of goods]
Value Added Tax Act 1994 (1994 c 23) | Legislation

[50B  Margin schemes and export or removal of goods]

[(1)     The Treasury may by order provide that, on making a claim, a person is entitled to a VAT-related payment in respect of relevant supplies or of a description of relevant supply specified in the order.

(2)     “Relevant supply”, in relation to a person making a claim, means a supply of goods to the person where—

(a)     the person took possession of the goods in Great Britain or the Isle of Man in the course of carrying on a business,

(b)     the goods were then removed to Northern Ireland or exported,

(c)     at the time of the removal or export (“the relevant time”), the person intended to resell the goods outside Great Britain and the Isle of Man in the course of carrying on the business, and

(d)     if the circumstances of, and following, the supply to the person had been altered as

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