{
  "url": "https://openlegislation.uk/value-added-tax-finance-order-1997/note",
  "json_url": "https://openlegislation.uk/value-added-tax-finance-order-1997/note.json",
  "legislation": "uksi/1997/510",
  "legislation_title": "The Value Added Tax (Finance) Order 1997",
  "legislation_url": "https://openlegislation.uk/value-added-tax-finance-order-1997",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order amends Group 5 (exempt supplies: finance) of Schedule 9 to the Value Added Tax Act 1994 (c. 23).\nArticle 13(B)(d)(6) of Council Directive 77/388/EEC (OJ No. L145, 13.6.1977, p. 1) exempts the management of special investment funds as defined by member States.\nThe effect of the Order is to exempt from VAT as from 24th March 1997 the services of the authorised corporate director of an open-ended investment company so far as they consist in managing the scheme property of the company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/510/note",
    "retrieved_at": "2026-10-29T12:24:07.892409+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}