Finance Act 1987 (c. 16)

Part 1 U.K. Customs and Excise and Value Added Tax

Chapter II U.K. Value Added Tax

18 Issue of securities. U.K.

(1) In Schedule 6 to the principal Act (exemptions), in Group 5 (finance)—

(a) at the end of item 5 there shall be added the words “or the underwriting of an issue within item 1”; and

(b) after item 6 there shall be inserted the following item—

The making of arrangements for, or the underwriting of, an issue within item 6.”.

(2) This section shall have effect in relation to supplies made on or after 1st April 1987, and shall be deemed to have come into force on 23rd March 1987.