Statutory Instruments
2016 No. 365
Value Added Tax
The Value Added Tax (Increase of Registration Limits) Order 2016
Made
15th March 2016
Laid before the House of Commons
16th March 2016
Coming into force
1st April 2016
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 2016 and comes into force on 1st April 2016.
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 “£82,000” substitute “£83,000”;
(b) in paragraph 1(3), for “£80,000” substitute “81,000”; and
(c) in paragraph 4(1) and (2), for “£80,000” substitute “£81,000”.
4. In Schedule 3 (registration in respect of acquisitions from other member states)—
(a) in paragraph 1(1) and (2), for “£82,000” substitute “£83,000”; and
(b) in paragraph 2(1)(a), (1)(b) and (2), for “£82,000” substitute “£83,000”.
Alun Cairns
Mel Stride
Two of the Lords Commissioners of Her Majesty’s Treasury
15th March 2016
1994 c.23 ; the sums in Schedules 1 and 3 were last substituted by S.I. 2015/750 .