PART IV VALUE ADDED TAX Amendments to Chapter IV of Finance Act [Chapter 23:04] 18 Amendment of Schedule to Chapter IV of Cap. 23:04 With effect from the 1st January, 2008, the Schedule (“Rate of Value Added Tax”) to Chapter IV of the Finance Act [Chapter 23:04] is amended by the insertion of the following paragraph after paragraph (c)— “(d) goods and services sold through an auctioneer (as defined in section 56(6) of the principal Act) by persons who are not registered operators;”. Amendments to Value Added Tax Act [Chapter 23:12] 19 Amendment of section 6 of Cap. 23:12 Section 6 (“Value-added tax”) of the Value Added Tax Act [Chapter 23:12] is amended— (a) in subsection (1) by the insertion after paragraph (c) of the following paragraph— “and (d) goods and services sold through an auctioneer (as defined in section 56(6)) by persons who are not registered operators.”; (b) in subsection (2) by the insertion after paragraph (c) of the following paragraph— “(d) paragraph (d) of subsection (1) shall be paid by the auctioneer.”. PART V ESTATE DUTY Amendments to Finance Act [Chapter 23:04] 20 Amendment of Schedule to Chapter VI of Cap. 23:04 With effect from the 1st January, 2008, the Schedule to Chapter VI of the Finance Act [Chapter 23:04] is amended in paragraph 6E by the repeal of proviso (ii) thereto and the substitution of⎯ “(ii) only such portion of the value of the property included in the estate as exceeds twenty-five billion dollars shall be deemed to be the dutiable amount.”. Amendment to Estate Duty Act [Chapter 23:03] 21 Amendment of section 5 of Cap 23:03 With effect from the year of assessment beginning on the 1st January, 2008, section 5 (“Dutiable amount of estate”) of the Estate Duty Act [Chapter 23:03] is amended by the insertion after paragraph (o) of the following paragraph— “(p) the value of one motor vehicle of the deceased which is accepted by the Master as the family motor vehicle.”.