S.I. No. 248/1993:

VALUE-ADDED TAX (PAYMENT OF TAX ON INTRA-COMMUNITY ACQUISITIONS OF CERTAIN NEW MEANS OF TRANSPORT) REGULATIONS, 1993.

VALUE-ADDED TAX (PAYMENT OF TAX ON INTRA-COMMUNITY ACQUISITIONS OF CERTAIN NEW MEANS OF TRANSPORT) REGULATIONS, 1993.

The Revenue Commissioners, in exercise of the powers conferred on them by sections 19 (4) and 32 of the Value-Added Tax Act, 1972 (No. 22 of 1972), hereby make the following Regulations:

1. These Regulations may be cited as the Value-Added Tax (Payment of Tax on Intra-Community Acquisitions of Certain New Means of Transport) Regulations, 1993.

2. These Regulations shall come into operation on the 1st day of September, 1993.

3. In these Regulations--

"the Act" means the Value-Added Tax Act, 1972 ;

"new aircraft" means a new means of transport other than a motorised land vehicle or a vessel;

"new vessel" means a new means of transport other than a motorised land vehicle or an aircraft.

4. Where a person makes an intra-Community acquisition of a new aircraft or a new vessel, in respect of which he is not entitled to a deduction of tax under section 12 of the Act, the person shall--

( a ) complete such form as may be provided by the Revenue Commissioners for the purpose of this Regulation,

( b ) provide such further documentation in support of the details provided on the form as the Revenue Commissioners may request,

( c ) certify that the particulars and documentation provided are true and accurate,

( d ) not later than three days after the due date furnish, to the Collector of Customs and Excise for the area in which he is resident, the completed form and supporting documentation referred to in paragraph (a) and (b) of this Regulation and at the same time pay to that Collector the amount of tax due, and

( e ) if requested to do so, make the new aircraft or the new vessel, as appropriate, available for inspection in the State by an officer of the Revenue Commissioners.

5. The Value-Added Tax (Payment of Tax on Intra-Community Acquisitions of Means of Transport) Regulations, 1992 ( S.I. No. 412 of 1992 ), are hereby revoked.

GIVEN this 27th day of August, 1993.

C. C. MAC DOMHNAILL,

Revenue Commissioner.

EXPLANATORY NOTE.

These Regulations set out the procedures to be followed in relation to the payment of value-added tax on the intra-Community acquisition of new aircraft and new vessels by private individuals and other persons not entitled to deduct the tax chargeable on the goods. They revoke and replace S.I. No. 412 of 1992 .