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The Value Added Tax (Increase of Registration Limits) Order 2017

S.I. 2017/290 · Made 7 March 2017 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 31 December 2020.

Value Added Tax

Made 7th March 2017

Laid before the House of Commons 8th March 2017

Coming into force 1st April 2017

The Treasury make the following Order in exercise of the powers conferred by paragraph 15 of Schedule 1 and paragraph 9 of Schedule 3 to the Value Added Tax Act 1994f1:

Annotations to the whole text

Footnotes

f1

1994 c.23; the sums in Schedules 1 and 3 were last substituted by S.I. 2016/ 365.

Contents

  1. 1Citation and commencement
  2. 2Amendment of the Value Added Tax Act 1994
  3. 3Amendment of the Value Added Tax Act 1994
  4. 4Amendment of the Value Added Tax Act 1994 Repealed
  5. Signature
  6. Explanatory note

1Citation and commencementI1

This Order may be cited as the Value Added Tax (Increase of Registration Limits) Order 2017 and comes into force on 1st April 2017.

2Amendment of the Value Added Tax Act 1994I1

The Value Added Tax Act 1994 is amended as follows.

3Amendment of the Value Added Tax Act 1994I1

In Schedule 1 (registration in respect of taxable supplies: UK establishment)—

(a)

in paragraph 1(1)(a), (1)(b), (2)(a) and (2)(b), for “£83,000” substitute “£85,000”;

(b)

in paragraph 1(3), for “£81,000” substitute “£83,000”; and

(c)

in paragraph 4(1) and (2), for “£81,000” substitute “£83,000”.

4Amendment of the Value Added Tax Act 1994F1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signature

Guto Bebb

David Evennett

Two of the Lords Commissioners of Her Majesty’s Treasury

7th March 2017

Explanatory note

(This note is not part of the Order)

This Order, which comes into force on 1st April 2017, amends Schedules 1 and 3 to the Value Added Tax Act 1994 c.23 (“the Act”).

Persons who make taxable supplies or acquisitions from other Member States (“acquisitions”) must be registered for the purpose of the Act if the value of the taxable supplies or acquisitions that they make exceeds a prescribed value subject to an exception where the value of the taxable supplies in the next 12 months will be below a prescribed value. The values are prescribed in Schedule 1 and Schedule 3 to the Act respectively. This Order increases the prescribed registration values from £83,000 to £85,000 and in cases that fall within the exception, from £81,000 to £83,000.

Persons registered in relation to taxable supplies or acquisitions may not de-register unless the value of the taxable supplies or acquisitions that they make falls below a prescribed value. The values are also prescribed in Schedule 1 and Schedule 3 respectively to the Act. This Order increases the deregistration value for taxable supplies from £81,000 to £83,000 and the deregistration value for acquisitions from £83,000 to £85,000.

A Tax Information and Impact Note covering this instrument will be published on the HMRC website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.