The Value Added Tax (Imported Gold) Relief Order 1992

Made: 9th December 1992

Laid before the House of Commons: 11th December 1992

Coming into force: 1st January 1993

Now therefore the Treasury, by virtue of the powers conferred on them by section 19(1) of the Value Added Tax Act 1983[^f00003] 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 (Imported Gold) Relief Order 1992 and shall come into force on 1st January 1993.

2

The tax chargeable upon the importation of gold (including gold coins) ... shall not be payable where the importation is by a Central Bank.

3

The Value Added Tax (Imported Goods) Relief Order 1977[^f00004] is hereby revoked.

Signed

Irvine Patnick — Tim Boswell — Two of the Lords Commissioners of Her Majesty’s Treasury — 1992-12-09

Explanatory note

(This note is not part of the Order)

This Order relieves Central Banks from any liability to pay value added tax in respect of gold (including gold coins) imported by them from places outside the Member States.

Footnotes

[^f00001]: OJ No. L145, 13.6.1977, p.1; this directive (the Sixth VAT Directive) was amended by Council Directive No. 91/680 EEC (OJ No. L376, 31.12.1991, p.1), Article 1.2 of which amended the definition of “importation of goods” provided by Article 7 of the Sixth VAT Directive.

[^f00002]: Cmnd. 7460 to which the United Kingdom acceded by the Treaty of Accession (Cmnd. 7463) and to which there are amendments not relevant to this Order.

[^f00003]: 1983 c. 55; section 19(1) was amended by the Finance (No. 2) Act 1992 (c. 48), section 14(2) and Schedule 3, paragraph 20(1).

[^f00004]: S.I. 1977/1790.

Editorial notes

[^key-d71406658c98653831a7f147d446af56]: Art. 1 in force at 1.1.1993, see art. 1

[^key-630672dc7189587393db64059b45dfd1]: Art. 2 in force at 1.1.1993, see art. 1

[^key-159072680301116abfeeb8dc783f6ddd]: Art. 3 in force at 1.1.1993, see art. 1

[^key-a8ece7527797ff11a18b85b2f7a7007f]: Words in art. 2 omitted (31.12.2020) by virtue of The Value Added Tax (Miscellaneous Amendments and Revocations) (EU Exit) Regulations 2019 (S.I. 2019/59), regs. 1, 6(2); S.I. 2020/1641, reg. 2, Sch.