The Value Added Tax (Special Provisions) (Amendment) Order 2006

• Citation: S.I. 2006/869
• Sections: 4

Section 1

This Order may be cited as the Value Added Tax (Special Provisions) (Amendment) (No.2) Order 2006 and comes into force on 13th April 2006 in relation to finance agreements entered into on or after that date.

Section 2

The Value Added Tax (Special Provisions) Order 1995 (“ the principal Order”) is amended as follows.

Section 3

After article 4(1) insert—

(1A) Paragraph (1)(a) above shall not apply where adjustment, whether or not made under regulation 38 of the Value Added Tax Regulations 1995 , has taken account, or may later take account, of VAT on the initial supply under the finance agreement as a result of repossession and the goods delivered under that agreement were delivered on or after 1st September 2006.

Section 4

For the purposes of article 1 above, “ finance agreement” has the meaning given in article 2(1) of the principal Order.