
2003 No. 1569
VALUE ADDED TAX
The Value Added Tax (Finance) (No. 2) Order 2003
Made 16th June 2003
Laid before the House of Commons 16th June 2003
Coming into force in accordance with article 1
The Treasury, in exercise of the powers conferred on them by sections 31(2) and 96(9) of the Value Added Tax Act 1994 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 (Finance) (No. 2) Order 2003 and shall apply in relation to any services performed on or after 1st August 2003.
2 
Group 5 of Schedule 9 to the Value Added Tax Act 1994 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).
Nick Ainger
John Heppell
Two of the Lords Commissioners of Her Majesty’s Treasury
16th June 2003