SCHEDULES

SCHEDULE 31 U.K. VALUE ADDED TAX: RE-ENACTMENT OF REDUCED RATE PROVISIONS

Part 2 U.K. CONSEQUENTIAL AMENDMENTS

Value Added Tax Act 1994 (c.23) U.K.

2 In section 2 of the Value Added Tax Act 1994 (rate of VAT), in each of subsections (2) and (3) (power to vary rate by up to 25% for up to one year), after “for the time being in force” insert “ under this section ”.