OpenLegislation

Article 2 I1

United Kingdom

Original text. Later amendments are not shown.

(1)

The Interpretation Act 1889 shall apply for the interpretation of this Order as it applies for the interpretation of an Act of Parliament.

(2)

This Order applies to the following terminal markets—

  • the London Metal Exchange,

  • the London Rubber Market,

  • the London Cocoa Terminal Market,

  • the London Coffee Terminal Market,

  • the London Sugar Terminal Market,

  • the London Sugar Terminal Market,

  • the London Vegetable Oil Terminal Market,

  • the London Wool Terminal Market,

  • F1the International Petroleum Exchange of London,

  • F2the London Potato Futures Market,

  • F3F4the London Bullion Market,

  • F5...

  • F6...,

  • F7the London Meat Futures Market,

  • the London Grain Futures Market, F8...

  • F9the London Soya Bean Meal Futures Market, and

  • the Liverpool Barley Futures Market,

  • F10and the London Platinum and Palladium Market,

  • F11and the London Securities and Derivatives Exchange Limited (OMLX).

(3)

References in this Order to a member of a market include any person ordinarily engaged in dealings on the market.

F12(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.

F13(5)

In this Order—

  • “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;

  • “the Act” means the Value Added Tax Act 1994.

Annotations

Textual amendments

F1

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)

F2

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)

F3

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

F4

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

F5

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

F6

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

F7

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

F8

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

F9

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

F10

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

F11

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)

F12

Art. 2(4) inserted (1.1.2000) by The Value Added Tax (Terminal Markets) Order 1999 (S.I. 1999/3117), arts. 1, 4

F13

Art. 2(5) inserted (1.1.2000) by The Value Added Tax (Terminal Markets) Order 1999 (S.I. 1999/3117), arts. 1, 5

Commencement

I1

Art. 2 in force at 1.4.1973, see art. 1