|
|
Amendment of section 14 (determination of tax due by reference to cash receipts) of Principal Act.
|
177.—(1) Section 14 of the Principal Act is hereby amended—
|
|
| |
(a) in subsection (1)—
|
|
| |
(i) by the substitution of “taxable supplies” for “the supply of taxable goods or services”, and
|
|
| |
(ii) by the deletion of paragraph (b),
|
|
| |
(b) by the insertion of the following subsection after subsection (1):
|
|
| |
“(1A) Where an authorisation to which subsection (1) relates has not been cancelled under subsection (2), then—
|
|
| |
(a) the rate of tax due by the person concerned in respect of a supply shall be the rate of tax chargeable at the time the goods or services are supplied,
|
|
| |
(b) if tax on a supply has already been due and payable under any other provisions of this Act prior to the issue of such authorisation, tax shall not be due again in respect of any such supply as a result of the application of subsection (1), and
|
|
| |
(c) if no tax is due or payable on a supply made prior to the issue of such authorisation, tax shall not be due in respect of any such supply as a result of the application of subsection (1).”,
|
|
| |
(c) in subsection (2) by the deletion of “or (b)”, and of “and (b)”,
|
|
| |
and
|
|
| |
(d) by the insertion of the following subsection after subsection (2):
|
|
| |
“(3) This section shall not apply to tax provided for by subsection (1) (b) of section 2.”.
|
|
| |
(2) Section 14 of the Principal Act is hereby further amended in subsection (3) (inserted by subsection (1) of this section) by the insertion after “subsection (1) (b)” of “or (1A)”.
|
