Value Added Tax Act 1994 section 69

Valuation of supplies: special cases (Schedule 6)

Section 69 modifies the special valuation rules in Schedule 6 so that they also cover goods acquired in Northern Ireland from an EU member state, ensuring these acquisitions are treated consistently with domestic supplies for valuation purposes.

• The definition of "motor dealer" in Schedule 6 is extended to include dealers who acquire vehicles in Northern Ireland from an EU member state, not just those who receive domestic supplies.
• The definition of "stock in trade" is broadened so that goods acquired in Northern Ireland from a member state are treated in the same way as goods supplied domestically, and references to "acquisition" are added alongside references to "supply".
• Rules about how goods are valued when supplied, self-supplied or otherwise dealt with are extended to cover goods acquired in Northern Ireland from a member state, with "acquisition" added as a relevant transaction type.
• The special valuation rule in paragraph 6 of Schedule 6 — which applies to certain self-supplies and deemed supplies — is extended to cover equivalent transactions arising under the Northern Ireland provisions in Schedules 9ZA and 9ZB.

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