905. Valuation In Special Cases: Open Market Value Directions. | Taxation Law | LexisNexis

powered by Lexis^®Library

905. Valuation in special cases: open market value directions.

For VAT purposes, the 'open market value' of a supply of goods or services is taken to be the amount that would fall to be taken to be its value for VAT¹ if the supply were made for such consideration in money as would be payable by a person not standing in a relationship with any person which would affect that consideration

(3) The Charge To Value Added Tax

876. Taxable persons: in general.

877. Registration of persons: the general rules.

878. Registration of two or more persons as a single taxable person.

879. Exemption from registration.

880. Voluntary registration.

881. Termination and cancellation of registration.

882. Charge to tax: in general.

883. Taxable acquisitions of goods from other member states.

884. Taxable supply on removal of goods to another member state.

885. Meaning of 'business': general.

886. Meaning of 'business': the activities of clubs and associations.

887. Meaning of 'business': offices held by professionals etc.

888. Meaning of 'supply'.

889. Special provisions relating to motor car transactions.

890. Deemed supplies of goods or services.

891. Composite and multiple supplies.

892. Self-supply: general.

893. The reverse charge.

894. Self-supply charge to combat intra-Community fraud.

895. The general rules for time of supply of goods.

896. The general rules for place of supply of goods.

897. The general rules for place of supply of installed or assembled goods.

898. The general rules for supply of goods by distance selling.

899. Importation of goods into the United Kingdom.

900. Removal of goods to or from the United Kingdom.

901. Supply of services: introduction.

902. The general rule for place of supply of services.

903. The taxable amount: in general.

904. Meaning of 'consideration'.

905. Valuation in special cases: open market value directions.

906. Valuation of acquisitions from other member states: in general.

907. Relief on the acquisition of goods from another member state.

908. Warehousing regimes: in general.

909. Charge on importation; in general.

910. Value of imported goods: the general rule.

911. Relief from VAT on imported goods.