Statutory Instrument 1999 No. 595

The Value Added Tax (Increase of Registration Limits) Order 1999

(The document as of February, 2008)

-- Back --

STATUTORY INSTRUMENTS

1999 No. 595

VALUE ADDED TAX

The Value Added Tax (Increase of Registration Limits) Order 1999

	Made	9th March 1999
	Laid before the House of Commons	9th March 1999
	Coming into force	1st April 1999

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 1999 and shall come into force on 1st April 1999.

    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 "£50,000" there shall be substituted "£51,000"; and

(b) in paragraphs 1(3), 4(1) and 4(2) for "£48,000" there shall be substituted "£49,000".

    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 "£51,000" for "£50,000".


David Jamieson

Jim Dowd
Two of the Lords Commissioners of Her Majesty's Treasury

9th March 1999

---

EXPLANATORY NOTE

(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 £50,000 to £51,000, with effect from 1st April 1999.

This Order also increases the limit for cancellation of registration in the case of taxable supplies from £48,000 to £49,000 and in the case of acquisitions from £50,000 to £51,000 with effect from 1st April 1999.

---

Notes:

[1] 1994 c.23; Schedules 1 and 3 were last varied by S.I. 1998/761.back

---

ISBN 0 11 082528 4

-- Back --