Search Legislation

Finance (No. 2) Act 1992

 Help about what version

What Version

 Help about advanced features

Advanced Features

Changes over time for: Cross Heading: Reliefs

 Help about opening options

Version Superseded: 01/09/1994

Alternative versions:

Status:

Point in time view as at 27/07/1993.

Changes to legislation:

There are currently no known outstanding effects for the Finance (No. 2) Act 1992, Cross Heading: Reliefs. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

ReliefsU.K.

17(1)In subsection (3) of section 16 (no tax on zero-rated imports)—

(a)for “imported into the United Kingdom" there shall be substituted “ acquired in the United Kingdom from another member State or imported from a place outside the member States ”; and

(b)after “their" there shall be inserted “ acquisition or ”.

(2)In subsection (6)(a) of that section (zero-rating of exports and goods shipped as stores etc.), after “exported them" there shall be inserted “ to a place outside the member States ”.

(3)In subsection (7) of that section (regulations as to zero-rating of goods which have been or are to be exported), for the words from “where" to “and" there shall be substituted where—

(a)the Commissioners are satisfied that the goods have been or are to be exported to a place outside the member States or that the supply in question involves both—

(i)the removal of the goods from the United Kingdom; and

(ii)their acquisition in another member State by a person who is liable for value added tax on the acquisition in accordance with provisions of the law of that member State corresponding, in relation to that member State, to the provisions of section 2A above;

and

(b).

(4)In subsection (8) of that section (zero-rating of services where goods let on hire and exported), for “exported" there shall be substituted “ removed from the United Kingdom ”.

(5)In subsection (9) of that section (cases where goods are not exported or shipped), in paragraph (a), after “shipped" there shall be inserted “ or otherwise removed from the United Kingdom ”.

Commencement Information

I2Sch. 3 para. 17 wholly in force; Sch. 3 not in force at Royal Assent see s. 14(3); Sch. 3 partly in force at 1.12.1992 by S.I. 1992/2979, art. 4, Sch. Pt. II; Sch. 3 in force, insofar as not already in force, at 1.1.1993 by S.I. 1992/3261, art. 3, Sch. (with transitional provisions in arts. 4, 5, 6, and 7).

18In section 17(1) (exemptions), at the end there shall be inserted “ and an acquisition of goods from another member State is an exempt acquisition if the goods are acquired in pursuance of an exempt supply. ”

Commencement Information

I3Sch. 3 para. 18 wholly in force; Sch. 3 not in force at Royal Assent see s. 14(3); Sch. 3 partly in force at 1.12.1992 by S.I. 1992/2979, art. 4, Sch. Pt. II; Sch. 3 in force, insofar as not already in force, at 1.1.1993 by S.I. 1992/3261, art. 3, Sch. (with transitional provisions in arts. 4, 5, 6, and 7).

19(1)In section 18 (relief on supply of second-hand goods), in each of paragraphs (a) and (b) of subsection (3), for “importation of goods of that description" there shall be substituted “ acquisition of goods of that description from another member State or the importation of goods of that description from a place outside the member States ”.

(2)In subsection (4) of that section—

(a)after the word “the", in the second place where it occurs, there shall be inserted “ acquisition or ”; and

(b)after the word “supply", in the second place where it occurs, there shall be inserted “ acquisition ”.

Commencement Information

I4Sch. 3 para. 19 wholly in force; Sch. 3 not in force at Royal Assent see s. 14(3); Sch. 3 partly in force at 1.12.1992 by S.I. 1992/2979, art. 4, Sch. Pt. II; Sch. 3 in force, insofar as not already in force, at 1.1.1993 by S.I. 1992/3261, art. 3, Sch. (with transitional provisions in arts. 4, 5, 6, and 7).

20(1)In subsection (1) of section 19 (relief from tax on importation of goods), after “of goods" there shall be inserted “ from places outside the member States ”.

(2)In subsection (1A)(a) of that section, after “imported" there shall be inserted “ from a place outside the member States ”.

(3)In subsection (2) of that section—

(a)after “any goods" there shall be inserted “ from places outside the member States ”; and

(b)at the end there shall be inserted “ or removed from any member State ”.

(4)In subsection (3) of that section—

(a)after “any goods" there shall be inserted “ from places outside the member States ”; and

(b)after “re-exported" there shall be inserted “ or otherwise removed from the United Kingdom ”.

Commencement Information

I5Sch. 3 para. 20 wholly in force; Sch. 3 not in force at Royal Assent see s. 14(3); Sch. 3 partly in force at 1.12.1992 by S.I. 1992/2979, art. 4, Sch. Pt. II; Sch. 3 in force, insofar as not already in force, at 1.1.1993 by S.I. 1992/3261, art. 3, Sch. (with transitional provisions in arts. 4, 5, 6, and 7).

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

See additional information alongside the content

Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources