Search Legislation

Finance Act 2021

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 3

 Help about opening options

Alternative versions:

Status:

Point in time view as at 01/08/2022.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2021, Paragraph 3. Help about Changes to Legislation

3(1)Paragraph 49 (ceasing to be liable to be registered) is amended as follows.U.K.

(2)In sub-paragraph (1)—

(a)in the words before paragraph (a), after “this Schedule” insert “ by virtue of paragraph 48(1)(i) ”;

(b)in paragraph (a), for “the relevant supplies” substitute “ European supplies ”;

(c)in paragraph (b), for “relevant supplies” substitute “ European supplies ”;

(d)in paragraphs (a) and (b), for “£70,000” in both places it occurs substitute “ £8,818 ”.

(3)After that sub-paragraph insert—

(1A)A person who has become liable to be registered under this Part of this Schedule by virtue of paragraph 48(1)(ii) ceases to be so liable by virtue of that paragraph if at any time paragraph 48(1A) applies in relation to that person.

(1B)A person who has become liable to be registered under this Part of this Schedule by virtue of paragraph 48(3) ceases to be so liable by virtue of that paragraph if at any time the Commissioners are satisfied that the person—

(a)has ceased to make supplies as mentioned in that paragraph, and

(b)will not make such supplies within the period of one year beginning with the day on which the Commissioners are notified or otherwise become aware that the person has ceased to make them.

(4)In sub-paragraph (2) after “But” insert

(a)the fact that a person ceases to be liable to be registered under this Part of this Schedule by virtue of one provision does not prevent the person being liable to be registered under this Part of this Schedule by virtue of another provision, and

(b).

(5)After sub-paragraph (2) insert—

(3)Sub-paragraphs (8) to (10) of paragraph 48 apply for the purposes of this paragraph as they apply for the purposes of that paragraph.

Commencement Information

I1Sch. 18 para. 3 in force for specified purposes at Royal Assent, see s. 95(6)(a)

I2Sch. 18 para. 3 in force at 1.7.2021 in so far as not already in force by S.I. 2021/770, reg. 3

Back to top

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?