S.L. 406.21 Art. 13References in the Act.

(1) Unless otherwise stated herein, any reference in the Act to a person registered under article 10 of the Act or a person registered under article 12 of the Act, as the case may be, shall be construed to include a reference to a VAT Group registered as such in terms of these regulations.

(2) Any reference to a "person" and "registered taxable person" in Part VI of the Act shall be construed as a reference to each of the individual members of a VAT Group and, in particular, each individual member of a VAT Group shall be required to keep full and proper records of all transactions entered into with other members of the VAT Group and with persons not being members of the VAT Group:

Provided that the Group Reporting Entity shall, in addition, be required to keep consolidated records of all transactions which, in terms of regulation 4, are treated as carried out by the Group Reporting Entity, in the manner specified in the Eleventh Schedule to the Act.

(3) The term "supplier" in item 4(2)(b) of Part One of the Third Schedule to the Act shall, for the purposes of determining the Distance Sales Threshold referred to in item 1 of Part Three of the Sixth Schedule to the Act, be construed as referring to all the members of the VAT Group. SCHEDULE (Regulations 2 and 3)

For the purposes of these regulations, the legislation referred to is that listed hereunder:

the Banking Act, Cap. 371 of the Laws of Malta;

the Financial Institutions Act, Cap. 376 of the Laws of Malta;

the Insurance Business Act, Cap. 403 of the Laws of Malta;

the Insurance Distribution Act, Cap. 487 of the Laws of Malta;

the Investment Services Act, Cap. 370 of the Laws of Malta;

the Retirement Pensions Act, Cap. 514 of the Laws of Malta;

the Securitisation Act, Cap. 484 of the Laws of Malta.;

the Gaming Act, Cap. 583 of the Laws of Malta.