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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order.)

This Order is concerned with the value added tax exemption for securities and secondary securities in item 6, Group 5 of Schedule 6 to the Value Added Tax Act 1983. It deletes the reference in that item to section 42 of the Exchange Control Act 1947 (c. 14) and substitutes a full definition of securities and secondary securities. The Order does not alter the coverage of the exemption.