The Trading Schemes (Exclusion) (Amendment) Regulations 1997

• Citation: S.I. 1997/1887
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Trading Schemes (Exclusion) (Amendment) Regulations 1997 and shall come into force on 21st August 1997.

Section 2 Amendments

The Trading Schemes (Exclusion) Regulations 1997 are hereby amended:

(a) in regulation 3(a), by substituting for the words from the beginning of that paragraph to the word “does”:—

any trading scheme which is a single tier trading scheme under which a participant operating at a level immediately below that of the promoter or single participant in the UK , who introduces another participant to the scheme at that level,

(b) by substituting the following for regulation 3(b):—

(b) any trading scheme all of the participants in which are making or have the intention of making taxable supplies in the UK and are registered for Value Added Tax; or