The Value Added Tax (Treatment of Transactions) (Revocation) Order 2021

• Citation: S.I. 2021/1023
• Sections: 3

Section 1 Citation, commencement and effect

This Order may be cited as the Value Added Tax (Treatment of Transactions) (Revocation) Order 2021 and comes into force on 21st October 2021.

Section 2 Citation, commencement and effect

(1) Where —

(a) an employer is providing an employee with the right to use a motor car privately under a contract entered into before 21st October 2021 that does not exceed three years in duration, and

(b) before 21st October 2021, the employer has reduced the price of the supply as a direct and sole consequence of being refunded the amount of VAT chargeable on the supply under section 41(3) of the Value Added Tax Act 1994,

article 3 only has effect in relation to supplies made under any subsequent contract entered into on or after 21st October 2021.

(2) In all other cases, article 3 has effect in relation to supplies made on or after 21st October 2021.

Section 3 Revocation of the Value Added Tax (Treatment of Transactions) Order 1992

The Value Added Tax (Treatment of Transactions) Order 1992 is revoked.