OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(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).