SCHEDULES

SCHEDULE 27Anti-forestalling charge to VAT

PART 3Administration and interpretation

9Adjustment of contracts following the VAT change

1

This paragraph applies where—

a

a contract for the supply of goods or services is made before the date of the VAT change, and

b

there is an anti-forestalling charge under this Schedule on the supply.

2

The consideration for the supply is to be increased by an amount equal to the anti-forestalling charge, unless the contract provides otherwise.