The Value Added Tax (Increase of Registration Limits) Order 2000

Statutory Instruments

2000 No. 804

VALUE ADDED TAX

The Value Added Tax (Increase of Registration Limits) Order 2000

Made

21st March 2000

Laid before the House of Commons

21st March 2000

Coming into force

1st April 2000

The Treasury, in exercise of the powers conferred on them by paragraph 15 of Schedule 1 and paragraph 9 of Schedule 3 to the Value Added Tax Act 1994(1), hereby make the following Order:

1.  This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2000 and shall come into force on 1st April 2000.

2.  Schedule 1 to the Value Added Tax Act 1994 shall be amended as follows—

(a) in paragraphs 1(1)(a), 1(1)(b), 1(2)(a) and 1(2)(b) for “£51,000” there shall be substituted “£52,000”; and

(b) in paragraphs 1(3), 4(1) and 4(2) for “£49,000” there shall be substituted “£50,000”.

3.  Schedule 3 to the Value Added Tax Act 1994 shall be amended in paragraphs 1(1), 1(2), 2(1)(a), 2(1)(b) and 2(2) by substituting “£52,000” for “£51,000”.

David Jamieson

Jim Dowd

Two of the Lords Commissioners of Her Majesty’s Treasury

21st March 2000

Explanatory Note

(This note is not part of the Order)

This Order increases the VAT registration limits for taxable supplies and for acquisitions from other member States from £51,000 to £52,000, with effect from 1st April 2000.

This Order also increases the limit for cancellation of registration in the case of taxable supplies from £49,000 to £50,000, and in the case of acquisitions from other member States from £51,000 to £52,000, with effect from 1st April 2000.

(1)

1994 c. 23; Schedules 1 and 3 were last varied by S.I. 1999/595.