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Amendment of section 17 (invoices) of Principal Act.
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101.— (1) Section 17 of the Principal Act is amended—
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(a) by inserting with effect from 1 September 2008 the following before subsection (2):
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“(1C) (a) Where a subcontractor who is an accountable person supplies a service to which section 8(1B) applies, that subcontractor shall issue a document to the principal indicating—
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(i) that the principal is liable to account for the tax chargeable on that supply, and
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(ii) such other particulars as would be required to be included in that document if that document was an invoice required to be issued in accordance with subsection (1) but excluding the amount of tax payable.
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(b) Where the principal and the subcontractor so agree, the provisions of subsection (14)(a) may apply to this document as if it were an invoice.”,
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(b) by deleting with effect from 1 July 2008 subsection (1AAA),
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(c) in subsection (1AB) by substituting with effect from 1 July 2008 “for the purposes of section 12C(1B)” for “for the purposes of subsection (1AAA) or section 12C(1B)”,
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(d) by inserting the following after subsection (3A):
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“(3B) Where, subsequent to the issue of an invoice by a person to another person in accordance with subsection (1) in respect of an amount received by way of a deposit and where section 19(2B) applies, then—
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(a) the amount of the consideration stated on that invoice is deemed to be reduced to nil, and
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(b) the person shall issue to that other person a document to be treated as if it were a credit note containing particulars of the reduction in such form and containing such other particulars as would be required to be included in that document if that document was a credit note, and if that other person is a taxable person the amount which that other person may deduct under section 12 shall be reduced by the amount of tax shown on the document as if that document were a credit note.”,
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and
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(e) in subsection (9)(aa) by inserting “in any case where subsection (3B) applies or” after “shall not apply”.
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(2) Section 17(3B) (inserted by subsection(1)(d)) is further amended with effect from 1 July 2008 by substituting “an accountable person” for “a taxable person”.
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