1

This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2002 and comes into force on 25th April 2002.

NOTES
Initial Commencement
Specified date

Specified date: 25 April 2002: see above.

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2

2

In Schedule 1 to the Value Added Tax Act 1994 (registration in respect of taxable supplies)—

(a)    in paragraph 1(1)(a), (1)(b), (2)(a) and (2)(b), for “£54,000” substitute “£55,000”; and

(b)    in paragraphs 1(3) and 4(1) and (2), for “£52,000” substitute “£53,000”.

NOTES
Initial Commencement
Specified date

Specified date: 25 April 2002: see art 1.

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3

3

In Schedule 3 to the Value Added Tax Act 1994 (registration in respect of acquisitions from other member States)—

(a)    in paragraph 1(1) and (2); and

(b)    in paragraph 2(1)(a), (1)(b) and (2),

for “£54,000” substitute “£55,000”.

NOTES
Initial Commencement
Specified date

Specified date: 25 April 2002: see art 1.

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Signature

Tony McNulty

Anne McGuire

Two of the Lords Commissioners of Her Majesty's Treasury

17th April 2002

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Order)

This Order increases the VAT registration limits for taxable supplies and for acquisitions from other member States from £54,000 to £55,000, with effect from 25th April 2002.

This Order also increases the limit for cancellation of registration in the case of taxable supplies from £52,000 to £53,000, and in the case of acquisitions from other member States from £54,000 to £55,000, with effect from 25th April 2002.

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