{
  "url": "https://openlegislation.uk/value-added-tax-terminal-markets-order-1973/article-2",
  "json_url": "https://openlegislation.uk/value-added-tax-terminal-markets-order-1973/article-2.json",
  "legislation": "uksi/1973/173",
  "legislation_title": "The Value Added Tax (Terminal Markets) Order 1973",
  "legislation_url": "https://openlegislation.uk/value-added-tax-terminal-markets-order-1973",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": null,
  "text": "(1) The Interpretation Act 1889 shall apply for the interpretation of this Order as it applies for the interpretation of an Act of Parliament.\n(2) This Order applies to the following terminal markets—\nthe London Metal Exchange,\nthe London Rubber Market,\nthe London Cocoa Terminal Market,\nthe London Coffee Terminal Market,\nthe London Sugar Terminal Market,\nthe London Sugar Terminal Market,\nthe London Vegetable Oil Terminal Market,\nthe London Wool Terminal Market,\nthe International Petroleum Exchange of London,\nthe London Potato Futures Market,\nthe London Bullion Market,\n...\n...,\nthe London Meat Futures Market,\nthe London Grain Futures Market, ...\nthe London Soya Bean Meal Futures Market, and\nthe Liverpool Barley Futures Market,\nand the London Platinum and Palladium Market,\nand the London Securities and Derivatives Exchange Limited (OMLX).\n(3) References in this Order to a member of a market include any person ordinarily engaged in dealings on the market.\n(4) Notwithstanding paragraph 3 above, for the purposes of this Order a person is to be regarded as being a member of the London Bullion Market only if that person is a member of the London Bullion Market Association.\n(5) In this Order—\n“investment gold” has the same meaning as that expression has for the purposes of Group 15 of Schedule 9 to the Value Added Tax Act 1994;\n“the Act” means the Value Added Tax Act 1994.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in art. 2(2) inserted (6.4.1981) by The Value Added Tax (Terminal Markets) (Amendment) Order 1981 (S.I. 1981/338), arts. 1, 2(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in art. 2(2) inserted (6.4.1981) by The Value Added Tax (Terminal Markets) (Amendment) Order 1981 (S.I. 1981/338), arts. 1, 2(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in art. 2(2) inserted (1.4.1980) by The Value Added Tax (Terminal Markets) (Amendment) Order 1980 (S.I. 1980/304), arts. 1, 2"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in art. 2(2) substituted (1.1.2000) by The Value Added Tax (Terminal Markets) Order 1999 (S.I. 1999/3117), arts. 1, 3"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in art. 2(2) omitted (1.8.1985) by virtue of The Value Added Tax (Terminal Markets) (Amendment) Order 1985 (S.I. 1985/1046), arts. 1, 2"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in art. 2(2) revoked (1.1.2000) by The Value Added Tax (Terminal Markets) Order 1999 (S.I. 1999/3117), arts. 1, 3"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in art. 2(2) inserted (16.3.1984) by The Value Added Tax (Terminal Markets) (Amendment) Order 1984 (S.I. 1984/202), arts. 1, 2"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Word in art. 2(2) omitted (8.4.1975) by virtue of The Value Added Tax (Terminal Markets) (Amendment) Order 1975 (S.I. 1975/385), arts. 1, 3"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in art. 2(2) inserted (8.4.1975) by The Value Added Tax (Terminal Markets) (Amendment) Order 1975 (S.I. 1975/385), arts. 1, 3"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in art. 2(2) added (1.6.1987) by The Value Added Tax (Terminal Markets) (Amendment) Order 1987 (S.I. 1987/806), arts. 1, 2"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in art. 2(2) added (1.9.1997) by The Value Added Tax (Terminal Markets) (Amendment) Order 1997 (S.I. 1997/1836), arts. 1, 2(b)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Art. 2(4) inserted (1.1.2000) by The Value Added Tax (Terminal Markets) Order 1999 (S.I. 1999/3117), arts. 1, 4"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Art. 2(5) inserted (1.1.2000) by The Value Added Tax (Terminal Markets) Order 1999 (S.I. 1999/3117), arts. 1, 5"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 2 in force at 1.4.1973, see art. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1973/173/article/2",
    "retrieved_at": "2026-10-29T22:19:23.811276+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."
}