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B.C. Reg. 440/2004, deposited October 1, 2004, pursuant to the SOCIAL SERVICE TAX ACT [Section 130 (b)]. Order in Council 951/2004, approved and ordered September 30, 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 of the Social Service Tax Act Regulations, B.C. Reg. 84/58, is amended by repealing subsections (4) and (5) and substituting the following;
(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, other than a courtesy car, 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, other than courtesy cars, 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, or a dealer use vehicle that the dealer uses as a courtesy car, 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, courtesy car or shuttle vehicle was held before being used as a donated, parts delivery or shuttle vehicle or courtesy car |
| NV | = | the number of vehicles used as donated, parts delivery or shuttle vehicles or courtesy cars 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; R. NEUFELD, Presiding Member of the Executive Council.
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