Value Added Tax Act 1994

Value Added Tax Act 1994

Parliament of the United Kingdom
Long title	An Act to consolidate the enactments relating to value added tax, including certain enactments relating to VAT tribunals.
Citation	1994 c. 23
Dates
Royal assent	5 July 1994
Commencement	1 September 1994
Other legislation
Repeals/revokes	Value Added Tax Act 1983
Status: Amended
Text of statute as originally enacted
Text of the Value Added Tax Act 1994 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.

The Value Added Tax Act 1994 (c. 23) is a UK tax law, concerning taxation of goods and services that fall within the scope of Value Added Tax (VAT).[1] It came into force on 1 September 1994. The Value Added Tax Act 1983 was repealed and replaced by this legislation.[2]

Contents

• Part I - The charge to tax
• Part II - Reliefs, exemptions and repayments
• Part III - Application of Act in particular cases.
• Part IV - Administration, collection and enforcement
• Part V - Appeals
• Part VI - Supplementary provisions

To encourage outsourcing it provides a mechanism through which government departments, including NHS trusts, can qualify for refunds on contracted out services.[3]

History

The Value Added Tax Act 1994 was enacted on 30 November 1994, and came into force on 1 January 1995. It replaced the earlier VAT legislation in the UK, which had been in place since 1973.

The introduction of the Value Added Tax Act 1994 was necessary to implement the European Union's VAT system in the UK. The EU had mandated that all member states should adopt a common VAT system, in order to simplify the tax system for businesses operating across borders.

See also

• Income and Corporation Taxes Act 1988
• Corporation Tax Act 2010

References

1. Value Added Tax Act 1994, accessed 1 April 2020
2. Schedule 15: Repeals
3. "Thousands of NHS staff to transfer to subsidiary companies". Health Service Journal. 14 February 2017. Retrieved 15 February 2018.