871. The legislation relating to value added tax (VAT).

Value added tax ('VAT') was introduced in the United Kingdom by the Finance Act 1972, 1and first became chargeable on 1 April 19732.

The principal provisions relating to the tax have been consolidated in the Value Added Tax Act 1994, which came into force on 1 September 19943.

There is also a considerable body of subordinate legislation which regulates the operation of the tax4.