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The Value Added Tax (Finance, Health and Welfare) Order 1989

S.I. 1989/2272 · Made 29 November 1989

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.

VALUE ADDED TAX

Made 29th November 1989

Laid before the House of Commons 6th December 1989

Coming into force 1st January 1990

The Treasury, in exercise of the powers conferred on them by sections 17(2), 45(1) and 48(6) of the Value Added Tax Act 1983f1 and of all other powers enabling them in that behalf, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1983 c. 55.

Contents

  1. 1Article 1
  2. 2Article 2
  3. 3Article 3
  4. Signature
  5. Explanatory note

1

This Order may be cited as the Value Added Tax (Finance, Health and Welfare) Order 1989 and shall come into force on 1st January 1990.

2

(1)

Group 5 (finance) of Schedule 6 to the Value Added Tax Act 1983f1 shall be varied in accordance with the following paragraphs of this article.

(2)

For item 6A there shall be substituted the following item –

“6A

The making of arrangements for or the underwriting of any transaction within item 6.”.

(3)

After item 7 there shall be added the following item –

“8

The management of an authorised unit trust scheme or of a trust based scheme by the operator of the scheme.”.

(4)

After Note 4 there shall be added the following Notes –

“(5)

Item 6A includes the introduction to a person effecting transactions in securities or secondary securities within item 6 of a person seeking to acquire or dispose of such securities.

(6)

In item 8 –

(a)

“authorised unit trust scheme” and “operator” have the same meanings as in section 207(1) of the Financial Services Act 1986f2;

(b)

“trust based scheme” has the same meaning as in regulation 2(1)(b) of the Financial Services Act 1986 (Single Property Schemes) (Exemption) Regulations 1989f3.”.

3

Group 7 (health and welfare) of Schedule 6 to the Value Added Tax Act 1983f1A relevant variation to Group 7 was made by S.I. 1985/1900. shall be varied by adding after item 10 the following item –

“11

The supply of transport services for sick or injured persons in vehicles specially designed for that purpose.”.

Signature

John Taylor

Tom Sackville

Two of the Lords Commissioners of Her Majesty’s Treasury

29th November 1989

Explanatory note

(This note is not part of the Order)

This Order amends Groups 5 and 7 of Schedule 6 to the Value Added Tax Act 1983. It exempts from VAT the making of arrangements for or the underwriting of transactions in securities, the management of authorised unit trust schemes (including single property schemes) and the provision of private ambulance services. It implements the requirements of Article 1(1) of Council Directive 89/465/EEC (OJ No.L 226, 3.8.89, p.21).