A New Tax System (Luxury Car Tax) Act 1999
You have a decreasing luxury car tax adjustment if:
(a) you were supplied with a * luxury car ; and
(b) luxury car tax was payable on the supply because you did not * quote for the supply; and
(c) you were * registered at the time of the supply; and
(d) you intend to use the car for a * quotable purpose ; and
(e) you have only used the car for a quotable purpose.
(1A)
You have a decreasing luxury car tax adjustment if:
(a) you are supplied with a *luxury car; and
(b) luxury car tax is payable on the supply; and
(c) you are *registered at the time of the supply; and
(d) were you to *import the car for the same purpose as your purpose in acquiring it, luxury car tax would, because of paragraph 7-10(3)(ba) , not be payable on the importation; and
(e) you do not intend to use the car, or permit it to be used, other than for that purpose.
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The * decreasing luxury car tax adjustment is equal to the amount of luxury car tax that was payable on the supply.
(3)
You have an increasing luxury car tax adjustment if:
(a) you were supplied with a * luxury car ; and
(b) either:
(i) no luxury car tax was payable on the supply because you * quoted for the supply; or
(ii) you had a decreasing luxury car tax adjustment under subsection (1) ; and
(c) you use the car for a purpose other than a * quotable purpose .
(3A)
You have an increasing luxury car tax adjustment if:
(a) you were supplied with a *luxury car; and
(b) you had a *decreasing luxury car tax adjustment under subsection (1A) in relation to the supply; and
(c) either:
(i) you use the car (or permit it to be used), and that use would have prevented a decreasing luxury car tax adjustment arising under that subsection if it had been your purpose in acquiring the car; or
(ii) you supply the car to another entity.
(3B)
However, subparagraph (3A)(c)(ii) does not apply if luxury car tax would, because of paragraph 7-10(3)(ba) , not have been payable if the other entity had instead *imported the car for the same purpose as its purpose in acquiring the car from you.
(4)
The * increasing luxury car tax adjustment is equal to:
(a) the amount of luxury car tax that the supplier of the car would have had to pay if you had not * quoted for the supply; or
(b) the amount of the * decreasing luxury car tax adjustment ;
whichever is relevant.
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