The Value Added Tax (Emissions Allowances) Order 2009

• Citation: S.I. 2009/2093
• Sections: 4

Section 1 Citation, commencement and effect

(1) This Order may be cited as the Value Added Tax (Emissions Allowances) Order 2009 and comes into force on 31st July 2009.

(2) This Order has effect in relation to supplies made on or after 31st July 2009.

Section 2 Amendment of Schedule 8 to the Value Added Tax Act 1994

Schedule 8 to the Value Added Tax Act 1994 (zero-rating) is amended as follows.

Section 3 Amendment of Schedule 8 to the Value Added Tax Act 1994

In Part 1 (index to zero-rated supplies of goods and services) insert at the appropriate place—

Section 4 Amendment of Schedule 8 to the Value Added Tax Act 1994

In Part 2 after Group 16 insert—

Item No

(1) The supply of an emissions allowance.

NOTES

(1) An “emissions allowance” means—

(a) a Community tradeable emissions allowance,

(b) a unit issued pursuant to the Kyoto Protocol, or

(c) any option relating to any such allowance or unit.

(2) “Community tradeable emissions allowance” has the meaning given in section 16(6) of the Finance Act 2007 .

(3) “The Kyoto Protocol” means the Kyoto Protocol to the United Nations Framework Convention on Climate Change signed at Kyoto on 11th December 1997 .

(4) “Unit” includes an assigned amount unit, a certified emission reduction, an emission reduction unit and a removal unit.