|
|
Exclusion of duties and value-added tax.
|
27.—(1) For the purposes of this Chapter, except where subsection (2) applies, the amount receivable by a person from the sale of goods in any period—
|
|
| |
(a) shall be deemed to be reduced by the amount of any duty paid or payable by the person in respect of the goods or the materials used in their manufacture, and
|
|
| |
(b) shall not include any amount in respect of value-added tax chargeable on the sale of the goods.
|
|
| |
(2) For the purposes of section 25 the average of the prices at which goods could have been sold by a company—
|
|
| |
(a) shall be the average of such prices determined after excluding from those prices any amount included therein in respect of any duties which were paid, or would have been payable, by the company in respect of the goods or the materials used in their manufacture, and
|
|
| |
(b) shall not include any amount in respect of value-added tax which would have been chargeable on the sale of the goods.
|
