141 tal-2013 - Regolamenti tal-2013 li jemendaw it-Tnax-il Skeda li tinsab mal-Att dwar it-Taxxa fuq il-Valur Miżjud

L.N. 141 of 2013

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Twelfth Schedule)

Regulations, 2013

IN virtue of the powers conferred by articles 50 and 75 of the

Value Added Tax Act, the Minister for Finance has made the

following regulations:-

(1) The title of these regulations is the Value Added Tax

Act (Amendment of Twelfth Schedule) Regulations, 2013, and these

regulations shall be read and construed as one with the Twelfth

Schedule to the Value Added Tax Act, which Twelfth Schedule is

hereinafter in these regulations referred to as "the Schedule".

(2) These regulations bring into force the provisions of

Council Directive 2010/45/EU of the 13th July 2010 amending

Council Directive 2006/112/EC.

(3) These regulations shall be deemed to have come into force

on the 1st January 2013.

Item 2 of the Schedule shall be amended as follows

(a) in sub-paragraph (1)(a) thereof, immediately after

the words "the chargeable event occurs" there shall be added the

words "or the date on which a payment is received, whichever is

the earlier"; and

(b) in sub-paragraph (1)(b) thereof, for the words

"where any payment on account precedes" there shall be

substituted the words "to any payment on account which

precedes".

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