Statutory Instruments
2012 No. 883
Value Added Tax
The Value Added Tax (Increase of Registration Limits) Order 2012
Made
20th March 2012
Laid before the House of Commons
21st March 2012
Coming into force
1st April 2012
The Treasury, in exercise of the powers conferred by paragraph 15 of Schedule 1, and paragraph 9 of Schedule 3, to the Value Added Tax Act 1994( 1 ), makes the following Order:
Citation and Commencement
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2012 and comes into force on 1st April 2012.
Amendment of the Value Added Tax Act 1994
2. The Value Added Tax Act 1994 is amended in accordance with articles 3 and 4.
3. In Schedule 1 (registration in respect of taxable supplies)—
(a) in paragraph 1(1)(a) and (b) and (2)(a) and (b), for “£73,000” substitute “£77,000”; and
(b) in paragraphs 1(3) and 4(1) and (2), for “£71,000” substitute “£75,000”( 2 ).
4. In Schedule 3 (registration in respect of acquisitions from other member States) in paragraphs 1(1) and (2) and 2(1)(a) and (b) and (2), for “£73,000” substitute “£77,000”( 3 ).
Angela Watkinson
Michael Fabricant
Two of the Lords Commissioners of Her Majesty’s Treasury
20th March 2012
The amounts in Schedule 1 were last varied by S.I. 2011/897 .
The amounts in Schedule 3 were last varied by S.I. 2011/897 .