Value-Added Tax Consolidation Act 2010

40.

Special consideration rule, triangulation.

[VATA s. 10(5A)]

40.— Where—

( a) an intra-Community acquisition is deemed to have taken place in the territory of another Member State in accordance with section 32(1) ,

( b) the intra-Community acquisition has been subject to value-added tax, referred to in the VAT Directive, in that other Member State, and

( c) the intra-Community acquisition is also deemed to have taken place in the State in accordance with section 32(2) ,

then the consideration for the intra-Community acquisition to which paragraph (c) relates shall be reduced to nil.