Explanatory note

This Order increases the VAT registration limits for taxable supplies and acquisitions from other member States from £46,000 to £47,000, with effect from 29th November 1995, in the case of taxable supplies and 1st January 1996 in the case of acquisitions.

The Order also increases the limit for cancellation of registration in the case of taxable supplies from £44,000 to £45,000 with effect from 29th November 1995, and in the case of acquisitions from £46,000 to £47,000 with effect from 1st January 1996.