Document ID: chunk:federal_register_of_legislation:C2022C00033:section:4:p11
Version: federal_register_of_legislation:C2022C00033
Segment Type: section
Provision Reference: s 4 (pt 11/29)
Character Range: 34791–37401

otherwise.
 (3) A *luxury car tax adjustment event can arise in relation to a supply of a *car even if it is not a *taxable supply of a luxury car.
 (4) However, the return of a *luxury car to its supplier is not an *adjustment event if the return is for the purpose of repair or maintenance.

15‑10  Where adjustments for luxury car tax arise
  You have a luxury car tax adjustment for a supply of a *luxury car for which you are liable to pay luxury car tax (or would be liable to pay luxury car tax if it were a *taxable supply of a luxury car) if:
 (a) in relation to the supply, one or more *luxury car tax adjustment events occur during a *tax period; and
 (b) luxury car tax on the supply was attributable to an earlier tax period (or, if the supply was not a taxable supply of a luxury car, would have been attributable to an earlier tax period had the supply been a taxable supply of a luxury car); and
 (c) as a result of that adjustment event or those adjustment events, the *previously attributed luxury car tax amount for the supply no longer correctly reflects the amount of luxury car tax on the supply (the corrected luxury car tax amount), taking into account any luxury car tax adjustments for the supply.

15‑15  Previously attributed luxury car tax amounts
  The previously attributed luxury car tax amount for a supply of a *luxury car is:
 (a) the amount of any luxury car tax that was attributable to a *tax period in respect of the supply; plus
 (b) the sum of any *increasing luxury car tax adjustments, under this Subdivision, that were previously attributable to a tax period in respect of the supply; minus
 (c) the sum of any *decreasing luxury car tax adjustments, under this Subdivision, that were previously attributable to a tax period in respect of the supply.

15‑20  Increasing adjustments for supplies
  If the *corrected luxury car tax amount is greater than the *previously attributed luxury car tax amount, you have an increasing luxury car tax adjustment equal to the difference between the corrected luxury car tax amount and the previously attributed luxury car tax amount.

15‑25  Decreasing adjustments for supplies
  If the *corrected luxury car tax amount is less than the *previously attributed luxury car tax amount, you have a decreasing luxury car tax adjustment equal to the difference between the previously attributed luxury car tax amount and the corrected luxury car tax amount.

Subdivision 15‑B—Change of use adjustments

15‑30  Changes of use—supplies of luxury cars
 (1) You have a decreasing luxury car tax adjustment if:
 (a) you were supplied with