Finance Act, 1980
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PART III Value-Added Tax | ||
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Increase of rate of tax on certain goods and services. |
80.—As respects goods supplied or imported, or services supplied, on or after the 1st day of May, 1980— | |
(a) section 11 (1) (inserted by the Value-Added Tax (Amendment) Act, 1978 ) of the Value-Added Tax Act, 1972 , shall have effect as if the following paragraph were substituted for paragraph (c): | ||
“(c) 25 per cent. of the amount on which tax is chargeable in relation to the supply of any goods or services, other than goods or services on which tax is chargeable at either of the rates specified in paragraphs (a) and (b) or which are mentioned in the First Schedule, but including radio receiving sets that are of the domestic or portable type or that are of a type suitable for use in road vehicles, and gramophones, radio-gramophones and record players.”, and | ||
(b) section 49 of the Finance Act, 1979 , shall have effect as if “the rate of value-added tax on radio receiving sets that are of the domestic or portable type or that are of a type suitable for use in road vehicles, and on gramophones, radio-gramophones and record players, shall be increased from 10 per cent. of the amount or value, as the case may be, in respect of which tax is chargeable on those goods to 20 per cent. of that amount or value and, accordingly,” were deleted. |