2001 No. 3754
VALUE ADDED TAX

The Value Added Tax (Cars) (Amendment) Order 2001

Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 50A(5) and (6) of the Value Added Tax Act 19941 and of all other powers enabling them in that behalf, hereby make the following Order:

1.

This Order may be cited as the Value Added Tax (Cars) (Amendment) Order 2001 and shall come into force on 2nd January 2002.

2.

The Value Added Tax (Cars) Order 19922 shall be amended as follows.

3.

For article 8(7)(a) substitute—

“(a)

calculate the price at which the motor car was obtained by deducting from the successful bid the amount of the commission payable to him under his contract with the vendor for the sale of the motor car;”.

Anne McGuire
Tony McNulty
Two of the Lords Commissioners of Her Majestys Treasury
(This note is not part of the Order)

This Order, which comes into force on 2nd January 2002 amends the Value Added Tax (Cars) Order 1992 (S.I. 1992/3122) (the ``principal Order'').

Article 1 deals with commencement.

Article 3 amends article 8(7)(a) of the principal Order to provide that, for the purposes of calculating the price at which a motor car was obtained, only the commission charged to the vendor under the contract for the sale of the motor car may be deducted from the successful bid.