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Amendment of section 11 (rates of tax) of Principal Act.
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92.—Section 11 of the Principal Act is hereby amended—
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(a) in subsection (1) (inserted by the Act of 1992) by the substitution in paragraph (f) of “2.8 per cent.” for “2.5 per cent.” (inserted by the Act of 1993), and
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(b) by the insertion of the following subsection after subsection (1AA):
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“(1AB) Notwithstanding subsection (1), the rate at which tax is chargeable on a supply of contract work shall be the rate that would be chargeable if that supply of services were a supply of the goods being handed over by the contractor to the person to whom that supply is made:
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Provided that this subsection shall not apply to a supply of contract work in the circumstances specified in paragraph (xvi) of the Second Schedule.”.
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