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The Trading Schemes (Exclusion) (Amendment) Regulations 1997

S.I. 1997/1887 · Made 30 July 1997

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

FAIR TRADING

Made 30th July 1997

Laid before Parliament 31st July 1997

Coming into force 21st August 1997

The Secretary of State in exercise of his powers under section 118(6)(b) of the Fair Trading Act 1973f1 hereby makes the following Regulations:—

Annotations to the whole text

Footnotes

f1

1973 c. 41; Part XI was amended by the Trading Schemes Act 1996 c. 32.

Contents

  1. 1Citation and commencement
  2. 2Amendments
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Trading Schemes (Exclusion) (Amendment) Regulations 1997 and shall come into force on 21st August 1997.

2Amendments

The Trading Schemes (Exclusion) Regulations 1997f1 are hereby amended:

(a)

in regulation 3(a), by substituting for the words from the beginning of that paragraph to the word “does”:—

“any trading scheme which is a single tier trading scheme under which a participant operating at a level immediately below that of the promoter or single participant in the UK, who introduces another participant to the scheme at that level,”

(b)

by substituting the following for regulation 3(b):—

“(b)

any trading scheme all of the participants in which are making or have the intention of making taxable supplies in the UK and are registered for Value Added Tax; or”

Signature

Nigel Griffiths,

Parliamentary Under-Secretary of State for Competition and Consumer Affairs,

Department of Trade and Industry

30th July 1997

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Trading Schemes (Exclusion) Regulations 1997.

Regulation 3(a) has been amended to apply the £50 limit on benefits to participants only in respect of horizontal recruitments by participant operating at the level immediately below that of the promoter or single participant operating in the UK.

Regulation 3(b) has been amended so that trading schemes in which participants or promoters who do not make taxable supplies in the UK are not registered for Value Added Tax can benefit from these Regulations.