# The Value Added Tax (Terminal Markets) (Amendment) Order 1981

S.I. 1981/338 · made 5 March 1981

This Order amends the Value Added Tax (Terminal Markets) Order 1973. It extends the zero-rating contained in that Order to supplies in the course of dealings on the International Petroleum Exchange of London and on the London Potato Futures Market.

PDFs: Printed copy https://openlegislation.uk/value-added-tax-terminal-markets-amendment-order-1981/pdf/uksi_19810338_en.pdf

## Introductory text

VALUE ADDED TAX
Made 5th March 1981
Laid before the House of Commons 13th March 1981
Coming into Operation 6th April 1981
The Treasury, in exercise of the powers conferred on them by sections 26 and 43(1) of the Finance Act 1972 and of all other powers enabling them in that behalf, hereby make the following Order:—

## 1 

This Order may be cited as the Value Added Tax (Terminal Markets) (Amendment) Order 1981 and shall come into operation on 6th April 1981.

## 2 

Paragraph (2) of article 2 of the Value Added Tax (Terminal Markets) Order 1973 (hereinafter called “the said Order”) shall be amended as follows:
(a) by inserting the words “the International Petroleum Exchange of London,” under the words “the London Wool Terminal Market,”; and
(b) by inserting the words “the London Potato Futures Market,” under the words inserted by (a) above.

## 3 

Paragraph (2)(b)(ii) of article 3 of the said Order shall be amended by inserting the words “the International Petroleum Exchange of London, the London Potato Futures Market,” after the words “the London Coffee Terminal Market,”.

## Signature

John Wakeham
J.A. Cope
Two of the Lords Commissioners of Her Majesty's Treasury
5th March 1981

## Explanatory note

This Order amends the Value Added Tax (Terminal Markets) Order 1973. It extends the zero-rating contained in that Order to supplies in the course of dealings on the International Petroleum Exchange of London and on the London Potato Futures Market.

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Source: https://www.legislation.gov.uk/uksi/1981/338 (the official version)
Page: https://openlegislation.uk/value-added-tax-terminal-markets-amendment-order-1981
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.