This section has no associated Explanatory Memorandum
3. In section 2(1) (rate of VAT)(1), the rate of tax charged by virtue of that section shall be decreased by 142/7 per cent.
(1)
Section 2(1) was amended by section 21(2) and (6) of the Finance Act 1995 (c.4) and section 99(2) and (3) of the Finance Act 2001 (c. 9).