The Value Added Tax (Small Non-Commercial Consignments) Relief (Amendment) Order 2012
S.I. 2012/3060 · Made 10 December 2012
Value Added Tax
Made 10th December 2012
Laid before the House of Commons 11th December 2012
Coming into force 1st January 2013
The Treasury make the following Order in exercise of the powers conferred by section 37(1) of the Value Added Tax Act 1994f1.
It appears to the Treasury that it is expedient to make this Order having regard to the need to comply with Council Directive 2006/79/ECf2.
Annotations to the whole text
Footnotes
- f1
- f2
-
OJ No L 286, 17.10.2006, p15.
Contents
- 1Citation and commencement
- 2Amendment of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986
- Signature
- Explanatory note
1Citation and commencement
This Order may be cited at the Value Added Tax (Small Non-Commercial Consignments) Relief (Amendment) Order 2012 and shall come into force on 1st January 2013.
2Amendment of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986
In Article 3(2) of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986f1, for “£40” substitute “£36”.
Signature
Robert Goodwill
Desmond Swayne
Two of the Lords Commissioners of Her Majesty’s Treasury
10th December 2012
Explanatory note
(This note is not part of the Order)
This Order amends Article 3(2) of the Value Added Tax (Small Non-Commercial Consignments) Relief Order 1986 to lower the value limit for goods imported outside the European Union from £40 to £36. The amendment is made in order to comply with Council Directive 2006/79/EC, which sets the relevant limit at €45 and requires national implementing provisions to apply the equivalent in national currency by reference to the exchange rate obtained at the first working day of October. As the Euro was revalorised on 1st October 2012, the limit needs to be lowered from £40 to £36.
A Tax Information and Impact Note has not been prepared for this Instrument as it contains no substantive changes to tax policy.