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
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
1994 c. 23 ; Schedules 1 and 3 were last varied by S.I. 2000/804 .