Citation and commencement

1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2008 and comes into force on 1st April 2008.

Amendment of Value Added Tax Act 1994

2. —(1)The Value Added Tax Act 1994 is amended as follows.

(2) In Schedule 1 (registration in respect of taxable supplies)—

(a) in paragraph 1(1)(a) and (b) and (2)(a) and (b), for “£64,000” substitute “£67,000”; and

(b) in paragraphs 1(3) and 4(1) and (2), for “£62,000” substitute “£65,000”.

(3) In Schedule 3 (registration in respect of acquisitions from other member States)—

(a) in paragraph 1(1) and (2), and

(b) in paragraph 2(1)(a) and (b) and (2),

for “£64,000” substitute “£67,000”.