Search Legislation

The Finance Act 2006, section 19, (Appointed Day) Order 2007

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

2007 No. 1419 (C. 59)

VALUE ADDED TAX

The Finance Act 2006, section 19, (Appointed Day) Order 2007

Made

10th May 2007

The Treasury make the following Order in exercise of the power conferred by section 19(8) of the Finance Act 2006(1):

1.  This Order may be cited as the Finance Act 2006, section 19, (Appointed Day) Order 2007.

2.  The amendments made by section 19 of the Finance Act 2006 have effect in relation to supplies made on or after 1st June 2007 (the appointed day).

Dave Watts

Alan Campbell

Two of the Lords Commissioners of Her Majesty’s Treasury

10th May 2007

EXPLANATORY NOTE

(This note is not part of the Order)

This Order appoints 1st June 2007 as the day on or after which the amendments made by section 19 of the Finance Act 2006 have effect in relation to supplies of specified goods of a kind used in missing trader intra-community fraud (“relevant supplies”).

Section 19(1) inserts a new section 55A into the Value Added Tax Act 1994(2) (“the Act”) which makes provision for the recipient of relevant supplies, rather than the supplier, to account for and pay tax on those supplies.

Section 19(2) inserts a new section 26AB into the Act which makes provision for a person to make an adjustment to any tax he is liable to account for and pay on a supply by virtue of section 55A(6) of the Act if, as a result of section 26A(3) (disallowance of input tax where consideration not paid), he is taken not to have been entitled to credit for input tax in respect of that supply.

Section 19(3) to (7) makes amendments to the Act to provide for the submission of statements containing particulars of supplies to which section 55A(6) applies and consequential amendments.

(3)

section 26A was inserted by section 22(1) and (3) of the Finance Act 2002(c.23).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources