The Value Added Tax (Deemed Supply of Goods) Order 2000

Statutory Instruments

2000 No. 266

VALUE ADDED TAX

The Value Added Tax (Deemed Supply of Goods) Order 2000

Made

8th February 2000

Laid before the House of Commons

8th February 2000

Coming into force

1st April 2000

The Treasury, in exercise of the powers conferred on them by paragraph 8(4) of Schedule 4 to the Value Added Tax Act 1994(1) hereby make the following Order:

1.  This Order may be cited as the Value Added Tax (Deemed Supply of Goods) Order 2000 and shall come into force on 1st April 2000 but shall have effect only in relation to a person who ceases to be a taxable person on or after that date.

2.  In paragraph 8(1)(c) of Schedule 4 to the Value Added Tax Act 1994 (no deemed supply on person ceasing to be taxable if VAT would not exceed £250) for “£250” there shall be substituted “£1,000”.

Greg Pope

Bob Ainsworth

Two of the Lords Commissioners of Her Majesty’s Treasury

8th February 2000

Explanatory Note

(This note is not part of the Order)

Paragraph 8 of Schedule 4 to the Value Added Tax Act 1994 provides that a supply of goods is deemed to be made in certain circumstances when a person ceases to be a taxable person. However, a supply is not deemed to be made if the VAT on the deemed supply would not be more than £250. The effect of this Order is that a supply will not be deemed to be made if the VAT on the deemed supply would not be more than £1,000.

(1)

1994 c. 23.