Schedule 10, Part 2, paragraph 37(3) VATA 1994 — Value Added Tax Act 1994

Schedule 10, Part 2, paragraph 37(3)

VATA 1994

Value Added Tax Act 1994 · United Kingdom

The value of the supply is taken to be— in the case of the first deemed supply under this paragraph, the amount obtained by the formula— R2×Y×(120−Z120), and in the case of any subsequent deemed supply under this paragraph, the amount obtained by the formula— (R2−R1)×Y×(120−Z120)

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Source: legislation.gov.uk · retrieved 2026-07-28