http://www.legislation.gov.uk/ukpga/1996/8/section/33Finance Act 1996An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1996-04-29texttext/xmlenStatute Law Database2026-04-15Expert Participation2026-03-18 Part II Value Added Tax Other provisions relating to charges to <Acronym Expansion="Value Added Tax">VAT</Acronym> Small gifts.331In Schedule 4 to the Value Added Tax Act 1994 (matters to be treated as supply of goods or services), in paragraph 5(2)(a) (gift of goods in the course or furtherance of a business not a supply if cost to donor is not more than £10), for “£10” there shall be substituted “ £15 ”.2At the end of paragraph 5 of Schedule 4 to that Act there shall be inserted the following sub-paragraph—7The Treasury may by order substitute for the sum for the time being specified in sub-paragraph (2)(a) above such sum, not being less than £10, as they think fit.3In section 97(4) of that Act (orders which are subject to affirmative procedure), after paragraph (a) there shall be inserted the following paragraph—aban order under paragraph 5(7) of Schedule 4 substituting a lesser sum for the sum for the time being specified in paragraph 5(2)(a) of that Schedule;.4Subsection (1) above shall apply where a gift is made after 28th November 1995.1994 c. 23.