Statutory Instruments
2024 No. 307
VALUE ADDED TAX
The Value Added Tax (Increase of Registration Limits) Order 2024
Made
5th March 2024
Laid before the House of Commons
7th March 2024
Coming into force
1st April 2024
The Treasury make this Order in exercise of the powers conferred by paragraph 15 of Schedule 1 and paragraph 45 of Schedule 9ZA to the Value Added Tax Act 1994( 1 ).
Citation and commencement
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2024 and comes into force on 1st April 2024.
Amendment of the 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: UK establishment)( 2 )—
(a) in paragraph 1(1)(a), (1)(b), (2)(a) and (2)(b), for “£85,000” substitute “£90,000” ;
(b) in paragraph 1(3), for “£83,000” substitute “£88,000” ;
(c) in paragraph 4(1) and (2), for “£83,000” substitute “£88,000” .
(3) In Schedule 9ZA (VAT on acquisitions in Northern Ireland from Member States)—
(a) in paragraph 38(1) and (2), for “£85,000” substitute “£90,000” ;
(b) in paragraph 39(1)(a), (1)(b) and (2), for “£85,000” substitute “£90,000” .
Joy Morrissey
Amanda Milling
Two of the Lords Commissioners of His Majesty's Treasury
5th March 2024
1994 c. 23 . Schedule 9ZA was added by section 3 of, and Schedule 2 to, the Taxation (Post-transition Period) Act 2020 (c. 26) .
Schedule 1 was relevantly amended by section 100 of the Finance Act 2007 (c. 11) , paragraph 11 of Schedule 28 to the Finance Act 2012 (c. 14) and paragraph 81 of Schedule 8 to the Taxation (Cross-border Trade) Act 2018 (c. 22) . The sums in Schedule 1 were last substituted by S.I. 2017/290 .