Statutory Instruments
2003 No. 1058
VALUE ADDED TAX
The Value Added Tax (Increase of Registration Limits) Order 2003
Made
9th April 2003
Laid before the House of Commons
9th April 2003
Coming into force
10th April 2003
The Treasury, in exercise of the powers conferred upon 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 2003 and comes into force on 10th April 2003.
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 “£55,000” substitute “£56,000”; and
(b) in paragraphs 1(3) and 4(1) and (2), for “£53,000” substitute “£54,000”.
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 “£55,000” substitute “£56,000”.
Jim Fitzpatrick
John Heppell
Two of the Lords Commissioners of Her Majesty’s Treasury
9th April 2003
1994 c. 23 ; Schedules 1 and 3 were last varied by S.I. 2002/1098 .