Statutory Instruments
2007 No. 2923
value added tax
The Value Added Tax (Special Provisions) (Amendment) Order 2007
Made
10th October 2007
Laid before the House of Commons
11th October 2007
Coming into force
1st November 2007
The Treasury, in exercise of the powers conferred by section 5(3) of the Value Added Tax Act 1994( 1 ) makes the following Order:
1. This Order may be cited as the Value Added Tax (Special Provisions) (Amendment) Order 2007 and comes into force on 1st November 2007 in relation to the use, on or after that date, of goods or land held or used for the purposes of a business.
2. The Value Added Tax (Special Provisions) Order 1995( 2 ) is amended as follows.
3. After article 10 insert—
“ Goods put to private use or used, or made available for use, for non-business purposes
10A. Paragraph 5(4) of Schedule 4 to the Act shall not apply to goods (including land treated as goods for the purposes of that paragraph by virtue of paragraph 9 of that Schedule) which have no economic life for the purposes of Part 15A of the Value Added Tax Regulations 1995 ( 3 ) at the time when they are used or made available for use. ” .
Frank Roy
Alan Campbell
Two of the Lords Commissioners of Her Majesty’s Treasury
10th October 2007
S.I. 1995/1268 to which there are amendments not relevant to this Order.
S.I. 1995/2518 as amended by S.I. 2007/2922 and other amendments not relevant to this Order.