The Value Added Tax (Finance) (No. 2) Order 2003

2.  Group 5 of Schedule 9 to the Value Added Tax Act 1994(1) is varied as follows:

(a) after item 2 insert—

“2A   The management of credit by the person granting it.”;

(b) in item 9 omit “by the operator of the scheme”;

(c) for item 10 substitute “The management of the scheme property of an open-ended investment company.”;

(d) omit Note (2A);

(e) in Note (5A) omit everything after “receive financial services”;

(f) in Note (6) omit the definition of “operator”;

(g) omit Note (7);

(h) in Note (8) omit “and Note (7)”;

(i) omit Note (9).

(1)

Group 5 was varied by S.I. 1997/510, S.I. 1999/594 and S.I. 2001/3649.