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Amendment of section 17 (invoices) of Principal Act.
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91.—Section 17 of the Principal Act is hereby amended—
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(a) in subsection (1) (inserted by the Act of 1992) by the insertion after “section 11 (1)”, of “or who supplies goods to a person in another Member State of the Community in the circumstances referred to in section 3 (6) (d) (ii),” and
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(b) by the insertion of the following subsection after subsection (3):
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“(3A) Notwithstanding subsections (5) and (9), where a person issues an invoice in accordance with subsection (1) which indicates a rate of tax and subsequent to the issue of that invoice it is established that a lower rate of tax applied, then—
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(a) the amount of consideration stated on that invoice shall be deemed to have been reduced to nil,
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(b) the provisions of subsection (3) (b) shall have effect, and
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(c) following the issue of a credit note in accordance with the provisions of subsection (3) (b), the person shall issue another invoice in accordance with this Act and regulations made thereunder.”.
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