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Amendment of section 1 (interpretation) of Principal Act.
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93.— (1) Section 1 of the Principal Act is amended in subsection (1)—
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(a) by inserting the following after the definition of “agricultural service”:
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“ ‘ancillary supply’ means a supply, forming part of a composite supply, which is not physically and economically dissociable from a principal supply and is capable of being supplied only in the context of the better enjoyment of that principal supply;”,
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(b) by inserting the following after the definition of “Community”:
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“ ‘composite supply’ means a supply made by a taxable person to a customer comprising two or more supplies of goods or services or any combination of these, supplied in conjunction with each other, one of which is a principal supply;”,
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(c) by inserting the following after the definition of “importation of goods”:
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“ ‘individual supply’ means a supply of goods or services which is a constituent part of a multiple supply and which is physically and economically dissociable from the other goods or services forming part of that multiple supply, and is capable of being supplied as a good or service in its own right;”,
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(d) by inserting the following after the definition of “movable goods”:
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“ ‘multiple supply’ means two or more individual supplies made by a taxable person to a customer where those supplies are made in conjunction with each other for a total consideration covering all those individual supplies, and where those individual supplies do not constitute a composite supply;”,
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and
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(e) by inserting the following after the definition of “a person registered for value-added tax”:
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“ ‘principal supply’ means the supply of goods or services which constitutes the predominant element of a composite supply and to which any other supply forming part of that composite supply is ancillary;”.
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(2) Subsection (1) comes into operation on such day as the Minister for Finance may appoint by order.
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