SCHEDULE 5MODIFICATIONS IN RELATION TO APPEALS
PART 1Primary legislation
The Value Added Tax Act 1994 (c. 23)1
Part 5 of the Value Added Tax Act 1994 (appeals) is modified as follows—
a
omit section 84; and
b
in paragraphs (1)(a), (2)(a) and (3)(a) of section 87, omit “, or is recoverable as, VAT”.
The Financial Services and Markets Act 2000 (c. 8)2
Part 9 of the 2000 Act (hearings and appeals) is modified as follows—
a
in the application of section 133 and Schedule 13 to any appeal commenced before the coming into force of section 55 of the Consumer Credit Act 2006, for all the references to “the Authority”, substitute “the Authority or the OFT (as the case may be)”;
b
in section 133(1)(a) for “decision notice or supervisory notice in question” substitute “notice under regulation 34(5) or (9) or 42(7) of the Money Laundering Regulations 2007”;
c
in section 133 omit subsections (6), (7), (8) and (12); and
d
in section 133(9) for “decision notice” in both places where it occurs substitute “notice under regulation 34(5) or (9) or 42(7) of the Money Laundering Regulations 2007”.
PART 2Secondary legislation
The Financial Services and Markets Tribunal Rules 20013
In the application of the Financial Services and Markets Tribunal Rules 200195 to any appeal commenced before the coming into force of section 55 of the Consumer Credit Act 2006, for all the references to “the Authority” substitute “the Authority or the OFT (as the case may be)”.