70 Margin schemes and removal or export of goods: VAT-related payments
Finance Act 2022 (2022 c 3) | Legislation

70  Margin schemes and removal or export of goods: VAT-related payments

In VATA 1994, after section 50A (margin schemes) insert—

“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)

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