# The Value Added Tax (Business Gifts of Small Value) Order 2001

S.I. 2001/735 · made 7 March 2001

This Order, which comes into force on 8th March 2001, amends paragraphs 5(2)(a) of Schedule 4 to the Value Added Tax Act 1994.

Made under: Value Added Tax Act 1994 (Schedule 4 paragraph 5)

PDFs: Printed copy https://openlegislation.uk/value-added-tax-business-gifts-of-small-value-order-2001/pdf/uksi_20010735_en.pdf

## Introductory text

VALUE ADDED TAX
Made 7th March 2001
Laid before the House of Commons 7th March 2001
Coming into force 8th March 2001
The Treasury, in exercise of the powers conferred on them by paragraph 5(7) of Schedule 4 to the Value Added Tax Act 1994, hereby make the following Order:

## 1 

This Order may be cited as the Value Added Tax (Business Gifts of Small Value) Order 2001 and shall come into force on 8th March 2001 and shall apply in relation to gifts made on or after that date.

## 2 

In Schedule 4 to the Value Added Tax Act 1994 (matters to be treated as supply of goods or services), in paragraph 5(2)(a) (gift of goods in the course or furtherance of a business not a supply if cost to donor is not more than £15), for “£15” there shall be substituted “£50”.

## Signature

Jim Dowd
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2001

## Explanatory note

(This note is not part of the Order)
This Order, which comes into force on 8th March 2001, amends paragraphs 5(2)(a) of Schedule 4 to the Value Added Tax Act 1994.
Subject to certain exceptions, the gifting of assets of a business constitutes a supply of goods for VAT purposes. One of the exceptions is where the cost to the donor of the gift is not more than a certain amount. This Order increases that amount from £15 to £50.

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Source: https://www.legislation.gov.uk/uksi/2001/735 (the official version)
Page: https://openlegislation.uk/value-added-tax-business-gifts-of-small-value-order-2001
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.