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

Value Added Tax (VAT) on a taxable acquisition of goods from another member state by a taxable person is accounted for by the reverse charge1.

For the purposes of the Value Added Tax Act 1994, the value of any acquisition of goods from another member state is taken to be the value of the transaction in pursuance of which the goods are acquired2. If the goods are acquired from another member state otherwise than in pursuance of a taxable supply3, the usual rules which apply for determining the value of a supply of goods or services4 do not apply in