# The Value Added Tax (Treatment of Transactions) (No.2) Order 1992

S.I. 1992/3132 · made 9 December 1992 · revised to 31 December 2020

This Order treats the supply to a Central Bank of gold (including gold coins) by a supplier in another member State as not giving rise to an acquisition of goods from another member State. Consequently, tax does not become chargeable on the receipt of such gold by the Central Bank concerned.

Made under: Value Added Tax Act 1983 (repealed 1.9.1994) (Section 8A)

## Introductory text

VALUE ADDED TAX
Made 9th December 1992
Laid before the House of Commons 11th December 1992
Coming into force 1st January 1993
The Treasury, in exercise of the powers conferred on them by section 8A(4) of the Value Added Tax Act 1983 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 (Treatment of Transactions) (No.2) Order 1992, and shall come into force on 1st January 1993.

## 2 

(1) Where gold is supplied to a Central Bank by a supplier, and the transaction involves the removal of the gold from a member State to Northern Ireland, the taking possession of the gold by the Central Bank concerned is not to be treated for the purposes of the Value Added Tax Act 1994 as the acquisition in Northern Ireland of goods from a member State.
(2) For the purposes of this article, gold includes gold coins.

## Signature

Irvine Patnick
Tim Boswell
Two of the Lords Commissioners of Her Majesty’s Treasury
9th December 1992

## Explanatory note

(This note is not part of the Order)
This Order treats the supply to a Central Bank of gold (including gold coins) by a supplier in another member State as not giving rise to an acquisition of goods from another member State. Consequently, tax does not become chargeable on the receipt of such gold by the Central Bank concerned.

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Source: https://www.legislation.gov.uk/uksi/1992/3132 (the official version)
Page: https://openlegislation.uk/value-added-tax-treatment-of-transactions-no2-order-1992
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.