Amendment of the Value Added Tax (Payments on Account) Order 1993

2.  The Value Added Tax (Payments on Account) Order 1993(1) is amended as follows—

(a) in article 2(1) in the definition of “the basic period” for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1)”;

(b) in article 5(1) for “£2,000,000” substitute “£2,300,000”;

(c) in article 6(1) for “£2,000,000” substitute “£2,300,000”;

(d) in article 7 for “£1,600,000” substitute “£1,800,000”; and

(e) in article 16(1) for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1) respectively”.

(1)

S.I. 1993/2001, amended by S.I. 1995/291; there are other amending instruments but none is relevant.