OpenLegislation

The Value Added Tax (Treatment of Transactions) (Amendment) Order 1999

S.I. 1999/3119 · Made 19 November 1999

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

VALUE ADDED TAX

Made 19th November 1999

Laid before the House of Commons 22nd November 1999

Coming into force 1st January 2000

The Treasury, in exercise of the powers conferred on them by sections 5(3) of the Value Added Tax Act 1994f1 and of all other powers enabling them in that behalf, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1994 c. 23.

Contents

  1. 1Article 1
  2. 2Article 2
  3. 3Article 3
  4. Signature
  5. Explanatory note

1

This Order may be cited as the Value Added Tax (Treatment of Transactions) (Amendment) Order 1999 and shall come into force on 1st January 2000.

2

The Value Added Tax (Treatment of Transactions) Order 1995f1 shall be amended as follows.

3

For article 2 there shall be substituted–

“2

In this Order “work of art” has the same meaning as in section 21 of the Value Added Tax Act 1994.”.

Signature

Bob Ainsworth

David Jamieson

Two of the Lords Commissioners of Her Majesty’s Treasury

19th November 1999

Explanatory note

(This note is not part of the Order)

This Order, which comes into force on 1st January 2000, amends the Value Added Tax (Treatment of Transactions) Order 1995 (S.I. 1995/958). This Order aligns the definition of “work of art” with section 21 of the Value Added Tax Act 1994 (c. 23), which was amended by section 12 of the Finance Act 1999 (c. 16).

Article 3 of this Order replaces article 2 of the Value Added Tax (Treatment of Transactions) Order 1995 with a new definition of “work of art”, aligning it with the definition in primary legislation.