Schedule 9ZA, Part 7, paragraph 36(2)

Where— the VAT chargeable at the lower rate is to be charged by reference to the same value as that by reference to which NI acquisition VAT would have been chargeable at the rate specified in the resolution. by virtue of such a resolution NI acquisition VAT is chargeable at a rate specified in the resolution by reference to a value determined under paragraph 8(3) of this Schedule, but before the VAT is paid it ceases to be chargeable at that rate in consequence of the restoration of a lower rate,

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