Statutory Instruments
2014 No. 703
Value Added Tax
The Value Added Tax (Increase of Registration Limits) Order 2014
Made
18th March 2014
Laid before the House of Commons
19th March 2014
Coming into force
1st April 2014
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 ), make the following Order.
Citation and commencement
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2014 and comes into force on 1st April 2014.
Amendment of the Value Added Tax Act 1994
2. Amend the Value Added Tax Act 1994 as follows.
3. In Schedule 1 (registration in respect of taxable supplies: UK establishment)—
(a) in paragraph 1(1)(a), (1)(b), (2)(a) and (2)(b), for “£79,000” substitute “£81,000”;
(b) in paragraph 1(3), for “£77,000” substitute “£79,000”; and
(c) in paragraph 4(1) and (2), for “£77,000” substitute “£79,000”.
4. In Schedule 3 (registration in respect of acquisitions from other member states)—
(a) in paragraph 1(1) and (2), for “£79,000” substitute “£81,000”; and
(b) in paragraph 2(1)(a), (1)(b) and (2), for “£79,000” substitute “£81,000”.
Sam Gyimah
Stephen Crabb
Two of the Lords Commissioners of Her Majesty’s Treasury
18th March 2014
1994 c. 23 ; the sums in Schedules 1 and 3 were last substituted by S.I. 2013/660 .