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The Value Added Tax (Increase of Registration Limits) Order 2001 No. 640
URL: http://www.bailii.org/uk/legis/num_reg/2001/20010640.html
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STATUTORY INSTRUMENTS
2001 No. 640
VALUE ADDED TAX
The Value Added Tax (Increase of Registration Limits) Order 2001
|
Made |
7th March 2001 | |
|
Laid before the House of Commons |
7th March 2001 | |
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Coming into force |
1st April 2001 | |
The Treasury, in exercise of the powers conferred on them by paragraph 15 of Schedule 1 and paragraph 9 of Schedule 3 to the Value Added Tax Act 1994[
1] and of all other powers enabling them in that behalf, hereby make the following Order:
1.
This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2001 and shall come into force on 1st April 2001.
2.
In Schedule 1 to the Value Added Tax Act 1994 (registration in respect of taxable supplies) -
(a) in paragraph 1(1)(a), (1)(b), (2)(a) and (2)(b), for "£52,000" substitute "£54,000"; and
(b) in paragraphs 1(3) and 4(1) and (2), for "£50,000" substitute "£52,000".
3.
In Schedule 3 to the Value Added Tax Act 1994 (registration in respect of acquisitions from other member States) -
(a) in paragraph 1(1) and (2); and
(b) in paragraph 2(1)(a), (1)(b) and (2),
for "£52,000" substitute "£54,000".
Jim Dowd
Greg Pope
Two of the Lords Commissioners of Her Majesty's Treasury
7th March 2001
EXPLANATORY NOTE
(This note is not part of the Order)
This Order increases the VAT registration limits for taxable supplies and for acquisitions from other member States from £52,000 to £54,000, with effect from 1st April 2001.
This Order also increases the limit for cancellation of registration in the case of taxable supplies from £50,000 to £52,000, and in the case of acquisitions from other member States from £52,000 to £54,000, with effect from 1st April 2001.
Notes:
[1]
1994 c. 23; Schedules 1 and 3 were last varied by S.I. 2000/804.back
ISBN
0 11 029024 0
| © Crown copyright 2001 |
Prepared
26 March 2001
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