article 5 transactionmeans a transaction which is a de-supplied transaction by virtue of a provision of article 5 of the Value Added Tax (Special Provisions) Order 1995 or a corresponding provision made under the Manx Act;
auctioneermeans a person who sells or offers for sale goods at any public sale where persons become purchasers by competition, being the highest bidders.
de-supplied transactionmeans a transaction which was treated by virtue of any Order made or having effect as if made under section 5(3) of the Act or under the corresponding provisions of the Manx Act as being neither a supply or goods nor a supply of services.
finance agreementmeans an agreement for the sale of goods whereby the property in those goods is not to be transferred until the whole of the price has been paid and the seller retains the right to repossess the goods;
Motor carmeans any motor vehicle of a kind normally used on public roads which has three or more wheels and either— (a) is constructed or adapted solely or mainly for the carriage of passengers;
the Actmeans the Value Added Tax Act 1994;
the Manx Actmeans the Value Added Tax Act 1996;