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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 November 2010 - onwards
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129. Amendment of section 12 (deductions for tax borne or paid) of Principal Act.

Repealed from 1 November 2010

Section 12 of the Principal Act is hereby amended -

(a) in paragraph (a) of subsection (1) by the substitution of the following subparagraph for subparagraph (vi):

"(vi) subject to and in accordance with regulations (if any), residual tax referred to in section 12B,",

and

(b) by the insertion of the following subsection after subsection (3):

"(3A) Notwithstanding anything in this section, where -

(a) the provisions of subsection (3) or (8) of section 10A or subsection (3) of section 10B have been applied to a supply of goods to a taxable person, or

(b) a taxable dealer deducts residual tax, in accordance with subsection (1)(a)(vi), in respect of a supply of a means of transport to a taxable person,

that taxable person shall not deduct, in accordance with subsection (1), any tax in relation to the supply to that person.".

Comparing proposed amendment...