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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Value Added Tax (Increase of Registration Limits) Order 1994 No. 2905 URL: http://www.bailii.org/uk/legis/num_reg/1994/uksi_19942905_en.html |
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Statutory Instruments
VALUE ADDED TAX
Made
29th November 1994
Laid before the House of Commons
29th November 1994
Coming into force
articles 1 and 2
30th November 1994
article 3
1st January 1995
The Treasury, in exercise of the powers conferred on them by paragraph 15 of Schedule 1 and paragraph 9 of Schedule 3 to the Value Added Tax Act 1994 (1) hereby make the following Order:
1. This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 1994 and shall come into force on the following dates:
| articles 1 and 2 | 30th November 1994 |
| article 3 | 1st January 1995 |
2. Schedule 1 to the Value Added Tax Act 1994 shall be amended as follows:
(a)in paragraphs 1(1)(a), 1(1)(b), 1(2)(a) and 1(2)(b) for "£45,000" there shall be substituted "£46,000", and
(b)in paragraphs 1(3), 4(1) and 4(2) for "£43,000" there shall be substituted "£44,000".
3. Schedule 3 to the Value Added Tax Act 1994 shall be amended in paragraphs 1(1), 1(2), 2(1)(a), 2(1)(b) and 2(2) by substituting "£46,000" for "£45,000".
Timothy Kirkhope
Tim Wood
Two of the Lords Commissioners of Her Majesty's Treasury
29th November 1994
(This note is not part of the Order)
This Order increases the VAT registration limits for taxable supplies and acquisitions from other member States from £45,000 to £46,000 with effect from 30th November 1994 in the case of taxable supplies and 1st January 1995 in the case of acquisitions.
The Order also increases the limit for cancellation of registration in the case of taxable supplies from £43,000 to £44,000 with effect from 30th November 1994, and in the case of acquisitions from £45,000 to £46,000 with effect from 1st January 1995.