(This note is not part of the Regulations)
This Order increases the VAT registration limits for taxable supplies and acquisitions from other member States from £47,000 to £48,000, with effect from 27th November 1996, in the case of taxable supplies and 1st January 1997, in the case of acquisitions.
The Order also increases the limit for cancellation of registration in the case of taxable supplies from £45,000 to £46,000 with effect from 27th November 1996, and in the case of acquisitions from £47,000 to £48,000 with effect from 1st January 1997.