The Value Added Tax (Increase of Consideration for Fuel) Order 1992
S.I. 1992/733 · Made 12 March 1992
VALUE ADDED TAX
Made 12th March 1992
Laid before the House of Commons 12th March 1992
Coming into force
in accordance with article 1 below
The Treasury, in exercise of the powers conferred on them by paragraph 4 of Schedule 6 to the Finance Act 1986f1 and of all other powers enabling them in that behalf, hereby make the following Order:
Annotations to the whole text
Footnotes
- f1
Contents
1
This Order may be cited as the Value Added Tax (Increase of Consideration for Fuel) Order 1992 and shall come into force in relation to a taxable person from the beginning of the first of his prescribed accounting periods which begins after 5 April 1992.
2
For Table A in paragraph 2 of Schedule 6 to the Finance Act 1986, there shall be substituted the following—
“
TABLE A
Description of vehicle (Type of engine and cylinder capacity in cubic centimetres) 3 month period 1 month period £ £ Diesel engine
2000 or less
115 38 More than 2000 148 49 Any other type of engine
1400 or less
125 42 More than 1400 but not more than 2000 158 53 More than 2000 235 78 ”
3
For Table B in paragraph 3 of Schedule 6 to the Finance Act 1986, there shall be substituted the following—
“
TABLE B
Description of vehicle (Type of engine and cylinder capacity in cubic centimetres) 3 month period 1 month period £ £ Diesel engine
2000 or less
58 19 More than 2000 74 25 Any other type of engine
1400 or less
63 21 More than 1400 but not more than 2000 79 26 More than 2000 118 39 ”
Signature
Thomas Sackville
Irvine Patnick
Two of the Lords Commissioners of Her Majesty’s Treasury
12th March 1992
Explanatory note
(This note is not part of the Order)
This Order, which will apply to taxable persons from their prescribed accounting periods beginning on or after 6 April 1992, amends Table A and Table B of Schedule 6 to the Finance Act 1986. These tables set out the fixed scales used as the basis for charging VAT on road fuel provided by businesses for private motoring. The Order introduces a separate and lower scale for taxing diesel fuel, and increases the existing fuel scale for taxing other fuels.