2011 No. 21
The Value Added Tax (Payments on Account) (Amendment) Order 2011
Approved by the House of Commons
Made
Laid before the House of Commons
Coming into force
Articles 1 and 2(a), (c), (d) and (e)
Article 2(b)
The Treasury consider it desirable to make an order under section 28 of the Value Added Tax Act 19941 in the interests of the national economy.
The Treasury make the following Order in exercise of the powers conferred by sections 28(1), (2), (4) and (5) of the Value Added Tax Act 1994.
Citation and Commencement1
1
This Order may be cited as the Value Added Tax (Payments on Account) (Amendment) Order 2011.
2
This Order comes into force on 1st June 2011 save for Article 2(b) which comes into force on 1st December 2011.
Amendment of the Value Added Tax (Payments on Account) Order 19932
The Value Added Tax (Payments on Account) Order 19932 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”.
(This note is not part of the Order)