|
|
Amendment of section 10 (amount on which tax is chargeable) of Principal Act.
|
124.—Section 10 of the Principal Act is hereby amended in subsection (4B) (inserted by the Act of 1992) by the substitution for “open market price” of “cost of the goods to the person making the supply or, in the absence of such a cost, the cost price of similar goods in the State, and where an intra-Community acquisition occurs in the State following a supply of goods in another Member State which, if such supply was carried out in similar circumstances in the State would be a supply of goods in accordance with section 3(1)(g), then the amount on which tax is chargeable in respect of that intra-Community acquisition shall be the cost to the person making the supply in that Member State or, in the absence of a cost to that person, the cost price of similar goods in that other Member State”.
|
