Amendment of Group 5 of Schedule 9 to the Value Added Tax Act 1994
This section has no associated Explanatory Memorandum
2. Group 5(1) of Schedule 9 to the Value Added Tax Act 1994 (exemptions: finance) is amended as follows.
(1)
Item 9 and Note (6) were substituted by S.I. 2008/2547 and have been amended by S.I. 2013/1402 and 2013/1773; Note (6) was amended by paragraph 81 of Schedule 18 to the Financial Services Act 2012 (c. 21) by virtue of S.I. 2013/423 and Note (6A) was inserted by S.I. 2008/2547. Amendments were to be made to Group 5 of Schedule 9 to the Value Added Tax Act 1994 (‘Group 5’) by S.I. 2019/43 but that S.I. was revoked by S.I. 2019/1014. Paragraph 95(2) of Schedule 8 to the Taxation (Cross-border Trade) Act 2018 (c. 22) makes amendments to Group 5 but these amendments have not yet been commenced.