The Value Added Tax (Treatment of Transactions) (Trading Stamps) Order 1995
This Order, which comes into force on the 1st June 1996, revokes the Value Added Tax (Treatment of Transactions) (No.1) Order 1973 (S.I. 1973/325) which removes from the scope of value added tax certain supplies of trading stamps. The revocation of the special rules will mean that trading stamps will receive the same VAT treatment as any other discount voucher, and will simplify the application of VAT law to promotion schemes involving trading stamps. Part X (Trading Stamps) (Regulations 76 to 80) of the Value Added Tax Regulations 1995 (S.I. 1995/2518) which complements the Value Added Tax (Treatment of Transactions) (No.1) Order is revoked by the Value Added Tax (Trading Stamps) Regulations 1995 (S.I. 1995/3043).