Statutory Instruments
2011 No. 21
Value Added Tax
The Value Added Tax (Payments on Account) (Amendment) Order 2011
Approved by the House of Commons
Made
10th January 2011
Laid before the House of Commons
11th January 2011
Coming into force
Articles 1 and 2(a), (c), (d) and (e)
1st June 2011
Article 2(b)
1st December 2011
The Treasury consider it desirable to make an order under section 28 of the Value Added Tax Act 1994( 1 ) in the interests of the national economy.
The Treasury make the following Order in exercise of the powers conferred by sections 28(1), (2), (4) and (5) of the Value Added Tax Act 1994.
Citation and Commencement
1. —(1) This Order may be cited as the Value Added Tax (Payments on Account) (Amendment) Order 2011.
(2) This Order comes into force on 1st June 2011 save for Article 2(b) which comes into force on 1st December 2011.
Amendment of the Value Added Tax (Payments on Account) Order 1993
2.The Value Added Tax (Payments on Account) Order 1993( 2 ) is amended as follows—
(a) in article 2(1) in the definition of “the basic period” for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1)”;
(b) in article 5(1) for “£2,000,000” substitute “£2,300,000”;
(c) in article 6(1) for “£2,000,000” substitute “£2,300,000”;
(d) in article 7 for “£1,600,000” substitute “£1,800,000”; and
(e) in article 16(1) for “£2,000,000” substitute “the figure specified in article 5(1) or 6(1) respectively”.
Michael Fabricant
James Duddridge
Two of the Lords Commissioners of Her Majesty’s Treasury
10th January 2011
1994 c. 23 ; section 28(2A) was inserted by section 34 of the Finance Act 1996 (c. 8) and section 28(2AA) was inserted by section 43 of the Finance Act 1997 (c. 16) .
S.I. 1993/2001 , amended by S.I. 1995/291 ; there are other amending instruments but none is relevant.