The Value Added Tax Act 1994
c 23 is a
UK tax law
Taxation in the United Kingdom may involve payments to at least three different levels of government: central government (HM Revenue & Customs), devolved governments and local government. Central government revenues come primarily from income ...
, concerning taxation of goods and services that fall within the scope of
Value Added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end ...
(VAT). It came into force on 1 September 1994. The Value Added Tax Act 1983 was repealed and replaced by this legislation.
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 trust
An NHS trust is an organisational unit within the National Health Services of England and Wales, generally serving either a geographical area or a specialised function (such as an ambulance service). In any particular location there may be several ...
s, can qualify for refunds on contracted out services.
See also
*
Income and Corporation Taxes Act 1988
*
Corporation Tax Act 2010
References
{{reflist
Value-added tax (United Kingdom)
United Kingdom Acts of Parliament 1994