The Value Added Tax (Insurance) Order 2004

• Citation: S.I. 2004/3083
• Sections: 6

Section 1

This Order may be cited as the Value Added Tax (Insurance) Order 2004 and comes into force on 1st January 2005.

Section 2

Group 2 (insurance) of Schedule 9 to the Value Added Tax Act 1994 (exemptions) is varied in accordance with the following articles.

Section 3

For items 1 to 3 substitute —

(1) Insurance transactions and reinsurance transactions.

Section 4

In item 4(a) —

(a) after “a contract of insurance” insert “or reinsurance”, and

(b) for “any such provision of insurance or reinsurance as falls, or would fall, within item 1, 2 or 3” substitute “an insurance transaction or a reinsurance transaction”.

Section 5

Omit Notes (A1) to (C1).

Section 6

In Note (2)(a), for “any insurance or reinsurance the provision of which falls within item 1, 2 or 3” substitute “insurance or reinsurance”.