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3.10 Value Added Tax (and Import Duty)
Where the efficiency has resulted in a cashable (cash releasing) efficiency i.e. real funds are released for use on other goods/services, and VAT or import duty is applicable, then the value of the VAT or import duty should be calculated and shown separately, classified as a Price Reduction, sub-type P3. Colleges can record these reductions but these will not be included towards the Government Procurement Efficiency Targets.