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B.C. Reg. 374/2004, deposited July 23, 2004, pursuant to the SOCIAL SERVICE TAX ACT [Section 130 (b)]. Order in Council 815/2004, approved and ordered July 22, 2004.
On the recommendation of the undersigned, the Administrator, by and with the advice and consent of the Executive Council, orders that section 3.13.1 (4) of the Social Service Tax Act Regulation, B.C. Reg. 84/58, is repealed and the following substituted:
(4) The amount of tax payable by a dealer at the end of each calendar month in respect of a vehicle that is used as a dealer use vehicle must be calculated using the following formula:
1.75%(AVV x USERS x ATR)
where
| AVV | = | the average value of all vehicles in the sale or lease inventory in which the dealer use vehicles are held, |
| USERS | = | the number of employees authorized to use dealer use vehicles during that calendar month, and |
| ATR | = | the tax rate applicable to the AVV under section 6 (3) of the Act. |
(5) The amount of tax payable by a dealer or manufacturer at the end of each calendar month in respect of a vehicle the dealer or manufacturer uses as a donated vehicle, or a vehicle that the dealer uses as a parts delivery vehicle or shuttle vehicle must be calculated using the following formula:
1.75%(AVV x NV x ATR)
where
| AVV | = | the average value of all vehicles in the sale or lease inventory in which the donated vehicle, parts delivery vehicle, or shuttle vehicle was held before being used as a donated, parts delivery or shuttle vehicle, |
| NV | = | the number of vehicles used as donated, parts delivery, or shuttle vehicles during that calendar month, and |
| ATR | = | the tax rate applicable to the AVV under section 6 (3) of the Act. |
— R. THORPE, Minister of Provincial Revenue; J. van DONGEN, Presiding Member of the Executive Council.
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