The Value Added Tax (Finance, Health and Welfare) Order 1989

• Citation: S.I. 1989/2272
• Sections: 3

Section 1

This Order may be cited as the Value Added Tax (Finance, Health and Welfare) Order 1989 and shall come into force on 1st January 1990.

Section 2

(1) Group 5 (finance) of Schedule 6 to the Value Added Tax Act 1983 shall be varied in accordance with the following paragraphs of this article.

(2) For item 6A there shall be substituted the following item –

(6A) The making of arrangements for or the underwriting of any transaction within item 6.

(3) After item 7 there shall be added the following item –

(8) The management of an authorised unit trust scheme or of a trust based scheme by the operator of the scheme.

(4) After Note 4 there shall be added the following Notes –

(5) Item 6A includes the introduction to a person effecting transactions in securities or secondary securities within item 6 of a person seeking to acquire or dispose of such securities.

(6) In item 8 –

(a) “authorised unit trust scheme” and “operator” have the same meanings as in section 207(1) of the Financial Services Act 1986 ;

(b) “trust based scheme” has the same meaning as in regulation 2(1)(b) of the Financial Services Act 1986 (Single Property Schemes) (Exemption) Regulations 1989 .

Section 3

Group 7 (health and welfare) of Schedule 6 to the Value Added Tax Act 1983 A relevant variation to Group 7 was made by S.I. 1985/1900 . shall be varied by adding after item 10 the following item –

(11) The supply of transport services for sick or injured persons in vehicles specially designed for that purpose.