Value Added Tax Act 1994
{{Use dmy dates|date=April 2022}}
{{Infobox UK legislation
|short_title = Value Added Tax Act 1994
|type = Act
|parliament = 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.
|year = 1994
|statute_book_chapter = 1994 c. 23
|introduced_by =
|territorial_extent =
|royal_assent = 5 July 1994
|commencement = 1 September 1994
|repeal_date =
|amendments =
|replaces = Value Added Tax Act 1983
|related_legislation =
|repealing_legislation=
|status = Amended
|original_text=http://www.legislation.gov.uk/ukpga/1994/23/contents/enacted
|legislation_history=
|use_new_UK-LEG = yes
}}
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).[http://www.legislation.gov.uk/ukpga/1994/23/contents Value Added Tax Act 1994], accessed 1 April 2020 It came into force on 1 September 1994. The Value Added Tax Act 1983 was repealed and replaced by this legislation.[http://www.legislation.gov.uk/ukpga/1994/23/schedule/15 Schedule 15: Repeals]
Contents
{{Expand section|date=March 2015}}
- 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.{{cite news|title=Thousands of NHS staff to transfer to subsidiary companies|url=https://www.hsj.co.uk/7021680.article|access-date=15 February 2018|publisher=Health Service Journal|date=14 February 2017}}
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.