Commentary

V3.163A Charge below open market value made for private fuel

Part V3 Supplies, acquisitions and imports

V3.163A Charge below open market value made for private fuel

V3.163A Charge below open market value made for private fuel

With effect from 17 July 2013, if1:

  1.  

    •     a taxable person ('P') makes a supply of road fuel2 for a consideration,

  2.  

    •     the recipient of the supply is:

  3.  
    1.  

      –     connected with P, or

    2.  

      –     an employee or partner of P or a person who is connected3 with such an employee or partner,

  4.  

    •     the value of the supply would (apart from this provision) be less than its open market value, and

  5.  

    •     the recipient of the supply is not entitled to credit for the whole of the input tax

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