Statutory Instruments
2005 No. 727
VALUE ADDED TAX
The Value Added Tax (Increase of Registration Limits) Order 2005
Made
16th March 2005
Laid before the House of Commons
16th March 2005
Coming into force
1st April 2005
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 ), hereby make the following Order:
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2005 and comes into force on 1st April 2005.
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 “£58,000” substitute “£60,000” and;
(b) in paragraphs 1(3) and 4(1) and (2), for “£56,000” substitute “£58,000”.
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 “£58,000” substitute “£60,000”.
Jim Murphy
Nick Ainger
Two of the Lords Commissioners of Her Majesty’s Treasury
16th March 2005
1994 c. 23 ; the amounts in Schedules 1 and 3 were last varied by S.I. 2004/775 .