16 Assignment of VAT
Scotland Act 2016 (2016 c 11) | Legislation

Value Added Tax

16  Assignment of VAT

(1)     The Scotland Act 1998 is amended as follows.

(2)     In section 64 (Scottish Consolidated Fund), after subsection (2) insert—

“(2A)     The Secretary of State shall in accordance with section 64A pay into the Fund out of money provided by Parliament any amounts payable under that section.”

(3)     After that section insert—

“64A Assignment of VAT

(1)     Where there is an agreement between the Treasury and the Scottish Ministers for identifying an amount agreed to represent the standard rate VAT attributable to Scotland for any period (“the agreed standard rate amount”),

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