Value Added Tax Act 1994 (from the file; to confirm against the document)

- [Skip to main content](#pageTitle) - [Skip to navigation](#primaryNav) ## [legislation.gov.uk](/) [https://www.nationalarchives.gov.uk](https://www.nationalarchives.gov.uk) - [Cymraeg](/cy/ukpga/1994/23/section/55) - [Home](/) - [Explore our collections](/explore) - [Research tools](/research-tools) - [Help and guidance](/help) - [What's new](/new) - [About us](/about-us) - [Search Legislation](#contentSearch) ## Search Legislation Title: *(or keywords in the title)* Year: Number: Type:All UK Legislation (excluding originating from the EU)--------------------------------------------All Legislation (including originating from EU)--------------------------------------------All Legislation originating from the EU that is amended by the UK--------------------------------------------All Primary Legislation    UK Public General Acts    UK Local Acts    UK Private and Personal Acts    Acts of the Scottish Parliament    Acts of Senedd Cymru    Acts of the National Assembly for Wales    Measures of the National Assembly for Wales    Church Measures    Acts of the Northern Ireland Assembly    Acts of the Old Scottish Parliament    Acts of the English Parliament    Acts of the Old Irish Parliament    Acts of the Parliament of Great Britain    Local Acts of the Parliament of Great Britain    Private and Personal Acts of the Parliament of Great Britain    Northern Ireland Orders in Council    Measures of the Northern Ireland Assembly    Acts of the Northern Ireland Parliament--------------------------------------------All Secondary Legislation    UK Statutory Instruments    Welsh Statutory Instruments    Scottish Statutory Instruments    Northern Ireland Statutory Rules    Church Instruments    UK Ministerial Directions    UK Ministerial Orders    UK Statutory Rules and Orders    Northern Ireland Statutory Rules and Orders--------------------------------------------All Legislation originating from the EU    Regulations originating from the EU    Regulations originating from the EU that are amended by the UK    Decisions originating from the EU    Decisions originating from the EU that are amended by the UK    Directives originating from the EU    European Union Treaties--------------------------------------------All Draft Legislation    UK Draft Statutory Instruments    Scottish Draft Statutory Instruments    Northern Ireland Draft Statutory Rules--------------------------------------------All Impact Assessments    UK Impact Assessments Search [Advanced Search](/search) # Value Added Tax Act 1994 ## You are here: - [UK Public General Acts](/ukpga) - [1994 c. 23](/ukpga/1994/23/contents) - [Part III](/ukpga/1994/23/part/III) - Section 55 - [Table of Contents](/ukpga/1994/23/contents) - [Content](/ukpga/1994/23/introduction) - [More Resources](/ukpga/1994/23/resources)[](#moreResourcesTabHelp) - [Previous: Provision](/ukpga/1994/23/section/54 " section 54") - [Next: Provision](/ukpga/1994/23/section/55A " section 55a") - [Plain View](?view=plain) - [Print Options](#printOptions) [](#whatversionHelp) ## What Version - Latest available (Revised) - [Original (As enacted)](/ukpga/1994/23/section/55/enacted) [](#advFeaturesHelp) ## Advanced Features - [Show Geographical Extent](?view=extent)(e.g. **E**ngland, **W**ales, **S**cotland and **N**orthern **I**reland) - [Show Timeline of Changes](?timeline=false) [](#openingOptionsHelp) ## Opening Options - [Open whole Act](#openingWholeMod) - [Open Act without Schedules](/ukpga/1994/23/body) - [Open Schedules only](#openingSchedulesOnlyMod)

## More Resources - [Original: King's Printer Version](/ukpga/1994/23/pdfs/ukpga_19940023_en.pdf) [View more](/ukpga/1994/23/resources) ## Changes over time for: Section 55 [](#timelineHelp) ### Alternative versions: - [01/09/1994*- Amendment*](/ukpga/1994/23/section/55/1994-09-01) - [29/04/1996*- Amendment*](/ukpga/1994/23/section/55/1996-04-29) - [17/07/2012*- Amendment*](/ukpga/1994/23/section/55/2012-07-17) ## Changes to legislation: Value Added Tax Act 1994, Section 55 is up to date with all changes known to be in force on or before 28 September 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.[](#Scenario5Help) [](#) ### Changes to Legislation Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing. [View outstanding changes](#statusWarningSubSections) ### Changes and effects yet to be applied to Section 55: - Sch. 7 Pt. 2 Group 1 modified (temp.) by [S.I. 2026/987](/id/uksi/2026/987) [art. 1(2)](/id/uksi/2026/987/article/1/2) [4](/id/uksi/2026/987/article/4) ### Changes and effects yet to be applied to the whole Act associated Parts and Chapters: Whole provisions yet to be inserted into this Act (including any effects on those provisions): - Sch. 7 Pt. 2 Group 1 modified (temp.) by [S.I. 2026/987](/id/uksi/2026/987) [art. 1(2)](/id/uksi/2026/987/article/1/2) [4](/id/uksi/2026/987/article/4) ### 55 Customers to account for tax on supplies of gold etc.U.K. \[(1)Where any person makes a supply of gold to another person and that supply is a taxable supply but not a zero rated supply, the supply shall be treated for purposes of \[[F1](#commentary-key-a556725d48bd0be633f451f5b2c445ca "View the commentary text for this item")Schedules 1 and 1A\] — (a)as a taxable supply of that other person (as well as a taxable supply of the person who makes it); and (b)in so far as that other person is supplied in connection with the carrying on by him of any business, as a supply made by him in the course or furtherance of that business; but nothing in paragraph (b) above shall require any supply to be disregarded for the purposes of \[[F2](#commentary-key-03c9360434cf04149d6182518b751566 "View the commentary text for this item")Schedule 1\] on the grounds that it is a supply of capital assets of that other person’s business. (2)Where a taxable person makes a supply of gold to a person who— (a)is himself a taxable person at the time when the supply is made; and (b)is supplied in connection with the carrying on by him of any business, it shall be for the person supplied, on the supplier’s behalf, to account for and pay tax on the supply, and not for the supplier. (3)So much of this Act and of any other enactment or any subordinate legislation as has effect for the purposes of, or in connection with, the enforcement of any obligation to account for and pay VAT shall apply for the purposes of this section in relation to any person who is required under subsection (2) above to account for and pay any VAT as if that VAT were VAT on a supply made by him. (4)Section 6(4) to (10) shall not apply for determining when any supply of gold is to be treated as taking place.\] (5)References in this section to a supply of gold are references to—

\[[F3](#commentary-c15291611 "View the commentary text for this item")(a)any supply of goods consisting in fine gold, in gold grain of any purity or in gold coins of any purity; or\]. . . (b)any supply of goods containing gold where the consideration for the supply (apart from any VAT) is, or is equivalent to, an amount which does not exceed, or exceeds by no more than a negligible amount, the open market value of the gold contained in the goods \[[F4](#commentary-c15291631 "View the commentary text for this item"); or. (c)any supply of services consisting in the application to another person’s goods of a treatment or process which produces goods a supply of which would fall within paragraph (a) above.\] (6)The Treasury may by order provide for this section to apply, as it applies to the supplies specified in subsection (5) above, to such other supplies of— (a)goods consisting in or containing any precious or semi-precious metal or stones; or (b)services relating to, or to anything containing, any precious or semi-precious metal or stones, as may be specified or described in the order. Textual Amendments [F1](#reference-key-a556725d48bd0be633f451f5b2c445ca "Go back to reference for this commentary item")Words in s. 55(1) substituted (with effect in accordance with [Sch. 28 para. 19](/id/ukpga/2012/14/schedule/28/paragraph/19 "Go to Finance Act 2012 Sch. 28 para. 19") of the amending Act) by [Finance Act 2012 (c. 14)](/id/ukpga/2012/14 "Finance Act 2012"), [**Sch. 28 para. 5(a)**](/id/ukpga/2012/14/schedule/28/paragraph/5/a "Go to Finance Act 2012 Sch. 28 para. 5(a)") [F2](#reference-key-03c9360434cf04149d6182518b751566 "Go back to reference for this commentary item")Words in s. 55(1) substituted (with effect in accordance with [Sch. 28 para. 19](/id/ukpga/2012/14/schedule/28/paragraph/19 "Go to Finance Act 2012 Sch. 28 para. 19") of the amending Act) by [Finance Act 2012 (c. 14)](/id/ukpga/2012/14 "Finance Act 2012"), [**Sch. 28 para. 5(b)**](/id/ukpga/2012/14/schedule/28/paragraph/5/b "Go to Finance Act 2012 Sch. 28 para. 5(b)") [F3](#reference-c15291611 "Go back to reference for this commentary item")S. 55(5)(a) substituted (29.4.1996 with application in relation to any supply after 28.11.1995) by [1996 c. 8](/id/ukpga/1996/8 "Go to item of legislation"), [**s. 32(1)(2)**](/id/ukpga/1996/8/section/32/1/2 "Go to 1996 c. 8 s. 32(1)(2)") [F4](#reference-c15291631 "Go back to reference for this commentary item")S. 55(5)(c) inserted (29.4.1996 with application to supplies made on or after 1.1.1996) by [1996 c. 8](/id/ukpga/1996/8 "Go to item of legislation"), [**s. 29(3)(5)**](/id/ukpga/1996/8/section/29/3/5 "Go to 1996 c. 8 s. 29(3)(5)") Modifications etc. (not altering text) C1S. 55(1)-(4) applied (1.1.2000) by [S.I. 1999/3116](/id/uksi/1999/3116 "Go to item of legislation"), [**art. 4**](/id/uksi/1999/3116/article/4 "Go to S.I. 1999/3116 art. 4") C2S. 55(2) excluded (1.1.2000) by [S.I. 1973/173](/id/uksi/1973/173 "Go to item of legislation"), [**art. 7**](/id/uksi/1973/173/article/7 "Go to S.I. 1973/173 art. 7") (as added (1.1.2000) by [S.I. 1999/3117](/id/uksi/1999/3117 "Go to item of legislation"), [**art. 8**](/id/uksi/1999/3117/article/8 "Go to S.I. 1999/3117 art. 8")) - [Previous: Provision](/ukpga/1994/23/section/54 " section 54") - [Next: Provision](/ukpga/1994/23/section/55A " section 55a") [Back to top](#top) ## Options/Help ### Print Options - #### PrintThe Whole Act - [PDF The Whole Act](#printLegislationModPdf) - [Web page The Whole Act](#printLegislationModHtm) - #### PrintThe Whole Part - [PDF The Whole Part ](/ukpga/1994/23/part/III/data.pdf) - [Web page The Whole Part ](/ukpga/1994/23/part/III/data.xht?view=snippet&wrap=true) - #### PrintThis Section only - [PDF This Section only ](/ukpga/1994/23/section/55/data.pdf) - [Web page This Section only ](/ukpga/1994/23/section/55/data.xht?view=snippet&wrap=true)

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