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Statutory Instruments

2001 No. 3754

VALUE ADDED TAX

The Value Added Tax (Cars) (Amendment) Order 2001

Made

22nd November 2001

Laid before the House of Commons

23rd November 2001

Coming into force

2nd January 2002

The Treasury, in exercise of the powers conferred on them by section 50A(5) and (6) of the Value Added Tax Act 1994( 1 ) 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 (Cars) (Amendment) Order 2001 and shall come into force on 2nd January 2002.

2. The Value Added Tax (Cars) Order 1992( 2 ) shall be amended as follows.

3. For article 8(7)(a) substitute—

“ (a) calculate the price at which the motor car was obtained by deducting from the successful bid the amount of the commission payable to him under his contract with the vendor for the sale of the motor car; ” .

Anne McGuire

Tony McNulty

Two of the Lords Commissioners of Her Majestys Treasury

22nd November 2001

( 1 )

1994 c. 23 ; section 50A was inserted by section 24 of the Finance Act 1995 (c. 4) .

( 2 )

S.I. 1992/3122 ; relevant amending instrument is S.I. 1995/1269 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Value Added Tax (Cars) (Amendment) Order 2001 (2001/3754)

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