Statutory Instruments
Value Added Tax
Made
22nd April 2009
Laid before the House of Commons
22nd April 2009
Coming into force
1st May 2009
The Treasury make the following Order in exercise of the powers conferred by paragraph 15 of Schedule 1, and paragraph 9 of Schedule 3, to the Value Added Tax Act 1994(1).
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2009 and comes into force on 1st May 2009.
2. The Value Added Tax Act 1994 is amended in accordance with articles 3 and 4.
3. In Schedule 1 (registration in respect of taxable supplies)—
(a)in paragraph 1(1)(a) and (b) and (2)(a) and (b), for “£67,000” substitute “£68,000”; and
(b)in paragraphs 1(3) and 4(1) and (2), for “£65,000” substitute “£66,000”(2).
4. In Schedule 3 (registration in respect of acquisitions from other member states) in paragraphs 1(1) and (2) and 2(1)(a) and (b) and (2), for “£67,000” substitute “£68,000”(3).
Steve McCabe
Bob Blizzard
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd April 2009
(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 £67,000 to £68,000, with effect from 1st May 2009.
This Order also increases the limit for cancellation of registration in the case of taxable supplies from £65,000 to £66,000, and in the case of acquisitions from other member States from £67,000 to £68,000, with effect from 1st May 2009.
A full and final Impact Assessment has not been produced for this instrument as a negligible impact on the private or voluntary sectors is foreseen.
The amounts in Schedule 1 were last varied by S.I. 2008/707.
The amounts in Schedule 3 were last varied by S.I. 2008/707.