# The Value Added Tax (Finance) Order 2013

S.I. 2013/1402 · made 6 June 2013

This Order amends Group 5 of Schedule 9 (exempt supplies of financial services) to the Value Added Tax Act 1994 (c. 23) to include as an exempt supply the management of authorised contractual schemes (“ACS”), and provides that, for the purposes of applying the exemption, ACS are to be defined in accordance with section 237 of the Financial Services and Markets Act 2000 (c. 8). An ACS is a type of collective investment scheme established by amendments made to the Financial Services and Markets Act 2000 by the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388).

Made under: Value Added Tax Act 1994 (Section 31, Section 96)

PDFs: Printed copy https://openlegislation.uk/value-added-tax-finance-order-2013/pdf/uksi_20131402_en.pdf; Explanatory Memorandum https://openlegislation.uk/value-added-tax-finance-order-2013/pdf/uksiem_20131402_en.pdf

## Introductory text

Value Added Tax
Made 6th June 2013
Laid before the House of Commons 7th June 2013
Coming into force 28th June 2013
The Treasury make the following Order in exercise of the powers conferred by sections 31(2) and 96(9) of the Value Added Tax Act 1994:

## 1 Citation and commencement

This Order may be cited as the Value Added Tax (Finance) Order 2013 and comes into force on 28th June 2013.

## 2 Amendment to Group 5 of Schedule 9 to the Value Added Tax Act 1994

(1) In Part 2 of Schedule 9 to the Value Added Tax Act 1994, Group 5 (Finance) is amended as follows.
(2) In item 9 insert after paragraph (a)—
“(aa) an authorised contractual scheme; or”.
(3) In Note 6 after ““authorised open-ended investment company”” insert “, “authorised contractual scheme””.

## Signature

David Evennett
Desmond Swayne
Two of the Lords Commissioners of Her Majesty’s Treasury
6th June 2013

## Explanatory note

(This note is not part of the Order)
This Order amends Group 5 of Schedule 9 (exempt supplies of financial services) to the Value Added Tax Act 1994 (c. 23) to include as an exempt supply the management of authorised contractual schemes (“ACS”), and provides that, for the purposes of applying the exemption, ACS are to be defined in accordance with section 237 of the Financial Services and Markets Act 2000 (c. 8). An ACS is a type of collective investment scheme established by amendments made to the Financial Services and Markets Act 2000 by the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388).
A Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.

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Source: https://www.legislation.gov.uk/uksi/2013/1402 (the official version)
Page: https://openlegislation.uk/value-added-tax-finance-order-2013
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.