Statutory Instruments
2008 No. 3020
Value Added Tax
The Value Added Tax (Change of Rate) Order 2008
Made
24th November 2008
Laid before the House of Commons
24th November 2008
Coming into force
1st December 2008
The Treasury make the following Order in exercise of the powers conferred by sections 2(2) and 21(7) of the Value Added Tax Act 1994( 1 ):
1. This Order may be cited as the Value Added Tax (Change of Rate) Order 2008 and comes into force on 1st December 2008.
2. The Value Added Tax Act 1994 shall be amended as follows.
3. In section 2(1) (rate of VAT)( 2 ), the rate of tax charged by virtue of that section shall be decreased by 14 2 / 7 per cent.
4. In section 21(4) (value of imported goods)( 3 ) for “28.58” substitute “33.34”.
Steve McCabe
Frank Roy
Two of the Lords Commissioners of Her Majesty’s Treasury
24th November 2008
1994 c.23 ; section 2(2) was amended by paragraph 2 of Schedule 31 to the Finance Act 2001 (c.9) ; section 21(7) was inserted by section of the Finance Act 1995 (c.4) .
Section 2(1) was amended by section 21(2) and (6) of the Finance Act 1995 (c.4) and section 99(2) and (3) of the Finance Act 2001 (c. 9) .
Section 21(4) was inserted by section 22 of the Finance Act 1995 and was amended by section 12 of the Finance Act 1999 (c.16) .