2001 No. 677
The Value Added Tax (Amendment) (No. 2) Regulations 2001
Made
Laid before the House of Commons
Coming into force
The Commissioners of Customs and Excise, in exercise of the powers conferred on them by section 25(1) of, and paragraph 2(1), (7) and (11) of Schedule 11 to, the Value Added Tax Act 19941 and of all other powers enabling them in that behalf, hereby make the following regulations:
1
These Regulations may be cited as the Value Added Tax (Amendment) (No. 2) Regulations 2001 and shall come into force on 1st April 2001.
2
The Value Added Tax Regulations 19952 are amended as follows.
3
In part VII (annual accounting)—
a
in regulation 52(1)(b), for “£300,000” substitute “£600,000”; and
b
in regulations 53(2)(a) and 54(1)(e) and (2), for “£375,000” substitute “£750,000”.
4
In Part VIII (cash accounting)—
a
in regulation 58(1)(a), for “£350,000” substitute “£600,000”; and
b
in regulation 60(1), for “£437,500” substitute “£750,000”.
(This note is not part of the Regulations)