Section 19(5)
VATA 1994
Value Added Tax Act 1994 · United Kingdom
For the purposes of this Act the open market value of a supply of goods or services shall be taken to be the amount that would fall to be taken as its value under subsection (2) above if the supply were for such consideration in money as would be payable by a person standing in no such relationship with any person as would affect that consideration.
← 4 · All articles · 20 →
Source: legislation.gov.uk · retrieved 2026-07-28