Article 2 I1

United Kingdom

Group 5 of Schedule 9 to the Value Added Tax Act 1994^f1 is varied as follows:

(a)

after item 2 insert—

“2A
The management of credit by the person granting it.”;

(b)

in item 9 omit “by the operator of the scheme”;

(c)

for item 10 substitute “The management of the scheme property of an open-ended investment company.”;

(d)

omit Note (2A);

(e)

in Note (5A) omit everything after “receive financial services”;

(f)

in Note (6) omit the definition of “operator”;

(g)

omit Note (7);

(h)

in Note (8) omit “and Note (7)”;

(i)

omit Note (9).

Annotations