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The Value Added Tax (Increase of Registration Limits) Order 1992

S.I. 1992/629 · Made 10 March 1992

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

VALUE ADDED TAX

Made 10th March 1992

Laid before the House of Commons 10th March 1992

Coming into force

articles 1 and 2(a) 11th March 1992

article 2(b) 1st May 1992

The Treasury, in exercise of the powers conferred on them by paragraph 12 of Schedule 1 to the Value Added Tax Act 1983f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1983 c. 55; Schedule 1 was amended by the Finance Act 1984 (c. 43), section 12, the Finance Act 1986 (c. 41),section 10, the Finance Act 1987 (c. 16), sections 13 and 14, the Finance Act 1988 (c. 39), section 14, the Finance Act 1989 (c. 26), Schedule 3, paragraph 10 and the Finance Act 1990 (c. 29), section 10.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 1992 and shall come into force on the following dates:

articles 1 and 2(a)11th March 1992
article 2(b)1st May 1992.

2

Schedule 1f1to the Value Added Tax Act 1983 shall be amended as follows:

(a)

in paragraph 1(1)(a), 1(1)(b), 1(2)(a) and 1(2)(b), for “£35,000” there shall be substituted “£36,600”, and

(b)

in paragraphs 1(3), 2(1) and 2(2), for “£33,600” there shall be substituted “£35,100”.

Signature

Gregory Knight

Thomas Sackville

Two of the Lords Commissioners of Her Majesty’s Treasury

10th March 1992

Explanatory note

(This note is not part of the Order)

This Order increases the VAT registration limit from £35,000 to £36,600 with effect from 11th March 1992.

The Order also increases the limit for cancellation of registration from £33,600 to £35,100 with effect from 1st May 1992.

The later date of implementation of the change in the cancellation limits is to allow time for potential applicants for deregistration to consider their position and to make application to their local VAT Office.